Price: 0.03008 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 0 | Resistance: 0.088 | Support: 0.02975 | Average Volume: 1238174998.71 | Volume Trend: Decreasing
Based on the 1-week chart, SOPHUSDT is bearish. Here's my analysis:
* The price is below the EMA7 and EMA25, indicating a strong downtrend.
* RSI14 is not provided, but considering the price action, it's likely oversold.
* MACD is bearish, confirming the downtrend.
* Resistance is at 0.088, a significant level to watch for a potential bounce.
* Support is at 0.02975, which might hold if the price continues to fall.
Best Entry Prices:
* Short: 0.03008 (current price) with a stop-loss at 0.0359 (EMA7) and a target at 0.02975 (support).
* Long: 0.02975 (support) with a stop-loss at 0.0285 (below support) and a target at 0.0359 (EMA7).
Spot Buy Price:
Watch for a bounce at the support level (0.02975) with a tight stop-loss at 0.0285. If the price holds the support, it could be a good entry point for a long position.