Price: 0.001074 | EMA7: 0 | EMA25: 0 | RSI14: 35.96 | Resistance: 0.008578 | Support: 0.0007 | Average Volume: 8669424524.5 | Volume Trend: Decreasing
Based on the technical analysis of SLPUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 36, suggesting the asset is nearing oversold territory, potentially a buying opportunity.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider a long position around 0.0007 (support level) if it reaches there, as it might bounce back.
- **Short Entry:** If you're looking to short, a bounce to EMA7 (around 0.001364) or EMA25 (around 0.001647) could be a good entry point, with a target to retest the current support or lower.
- **Best Spot Buy Price:** Around 0.0007, as it is a strong support level.
Keep in mind, technical analysis is not foolproof, and fundamental analysis, along with risk management, should also be considered.