Price: 0.03009 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 35.69 | Resistance: 0.088 | Support: 0.02975 | Average Volume: 180567291.51 | Volume Trend: Decreasing
Based on the 1-day chart of SOPHUSDT, here's my analysis:
* The short-term EMA7 is trending downwards, indicating a slight bearish bias.
* The medium-term EMA25 is also trending downwards, reinforcing the bearish view.
* The RSI14 is relatively low, indicating oversold conditions.
* The MACD is relatively weak, indicating a possible reversal.
Based on this analysis, I would advise the following:
* Long/Short entry price: 0.028 (close to support level and a key bullish reversal zone)
* Long/Short take-profit: 0.034 (near EMA25 and a potential resistance zone)
* Spot buy price: 0.0295 (after breaking above support level, looking for a bullish reversal)
Note that this analysis is based solely on technical indicators and should not be considered as investment advice. It's essential to consider other factors, such as market news and fundamental analysis, before making any trading decisions.