Price: 0.3605 | EMA7: 0.41 | EMA25: 0.52 | RSI14: 30.9 | Resistance: 1.9061 | Support: 0.3 | Average Volume: 80609513.51 | Volume Trend: Decreasing
Based on the 1D chart analysis of SOMIUSDT, here's my assessment:
- **Overall Trend:** Bullish, but with decreasing momentum as indicated by the MACD histogram.
- **Short-term Trend:** Bearish, as the EMA7 is below the price and the RSI14 is below 50.
- **Key Levels:**
- **Resistance:** 1.9061 (strong resistance to short)
- **Support:** 0.3 (buy at this level with a long stop-loss)
- **Recommendation:**
- **Long/Short Entry:** Consider a short entry at this level (Somi Price 0.3605) with a stop-loss at 0.38 (entry before potential breakdown to 0.3).
- **Short Entry:** Enter short when the price breaks below 0.3.
- **Spot Buy Price:** Avoid buying at this level due to the bearish trend; however, if you want to buy, consider entering long at 0.45 (above EMA25), which may provide a better risk-reward ratio.
Please note that this is a technical analysis, not investment advice. Consider using other methods and consulting your financial advisor before making any trades.