Price: 0.0548 | EMA7: 0.05 | EMA25: 0.06 | RSI14: 43.86 | Resistance: 1.81 | Support: 0.03352 | Average Volume: 214553769.08 | Volume Trend: Decreasing
Based on the 1-week chart, here's my analysis:
* The price is below the EMA7 and EMA25, indicating a bearish trend.
* RSI14 is around 43, suggesting the asset is not oversold yet.
* Resistance is far away at 1.81, while the support is at 0.03352.
* Average Volume is decreasing, which may indicate a lack of market interest.
Recommendations:
* Avoid long positions for now. The trend is bearish, and the RSI is not oversold.
* Consider shorting around 0.055-0.056, with a stop-loss above 0.058 and a take-profit around 0.038-0.04.
* If you want to spot buy, wait for the price to break below 0.045 and then buy around 0.04 with a stop-loss below.
Keep an eye on the volume trend and adjust your strategy accordingly.