Price: 0.1235 | EMA7: 0.13 | EMA25: 0.15 | RSI14: 41.55 | Resistance: 0.399 | Support: 0.1007 | Average Volume: 92307368.3 | Volume Trend: Decreasing
Based on the 1-week technical analysis of STEEMUSDT, here are my observations and recommendations:
* The price is consolidating between the EMA7 and EMA25, indicating a potential breakout.
* The RSI14 is oversold, which can be a buy signal.
* MACD is bearish, but the gap is decreasing, indicating a possible reversal.
* Resistance is at 0.399, which is a strong resistance level.
* Support is at 0.1007, which is a strong support level.
Recommendations:
* For a Long/Short entry, consider buying at 0.12-0.13, as the price is approaching the EMA7 and RSI14 is oversold.
* For a best spot buy, consider buying at 0.10-0.11, as the price is close to the support level and has the potential to bounce back.
Remember to always use risk management techniques and set realistic targets.