Price: 0.04313 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 39.58 | Resistance: 0.197 | Support: 0.02163 | Average Volume: 1540232374.58 | Volume Trend: Decreasing
Based on the 1-week technical analysis of SOLVUSDT, here are some conclusions:
* The price of 0.04313 is currently trading above the EMA7 and below the EMA25, indicating a bearish trend.
* The RSI14 is at 39.58, indicating a oversold condition.
* The MACD is negative, reinforcing the bearish trend.
* The decreasing volume suggests a lack of buying pressure.
* Short positions may be considered near the current price with a target resistance of 0.02163 (support).
Best long entry prices: Not recommended due to bearish trends and oversold conditions.
Long entry price is better entered around $0.025 with a stop-loss around $0.023 and a target around $0.045. (The risk-reward ratio is 1:3)
Best short entry prices: Consider entering short positions near the current price with a target resistance of 0.02163.
Short entry price is better entered around $0.045 with a stop-loss around $0.047 and a target around $0.025. (The risk-reward ratio is 1:5)
Best spot buy price: Not recommended due to bearish trends and oversold conditions.
The spot buy price should be above the EMA25 or when the price starts to show signs of recovery in the form of increasing volume and a bullish trend reversal.