Price: 0.3162 | EMA7: 0.32 | EMA25: 0.32 | RSI14: 48.73 | Resistance: 0.4804 | Support: 0.25 | Average Volume: 64555786.9 | Volume Trend: Decreasing
Based on the provided 1-day technical analysis of SUSDT:
- The coin is trading below its EMA25 (0.32000326735334) and EMA7 (0.31876481294875), indicating short-term bearish momentum.
- The RSI14 (48.725625639323) is in a neutral zone, but the decreasing trend suggests that the coin may be in a short-term downtrend.
- The MACD (-0.0004167224513531) shows a slight bullish divergence, but the negative reading indicates overall bearish momentum.
- The volume is decreasing, which may lead to a more volatile movement in the coming hours.
Recommendation:
- For a Long entry, it's best to wait for a bullish breakout above the EMA25 and RSI14 entering the 50 range. Entry price: 0.325 (above EMA25) - 0.315 (RSI14 turning upwards).
- For a Short entry, wait for a bearish drop below the EMA7. Entry price: 0.310 (below EMA7)
Best spot buy: Wait for a confirmed bullish signal or a strong trend reversal, which may not be indicated in this analysis. The Support level (0.25) is quite distant from the current price, so be cautious.
Keep in mind that this analysis is a basic assessment and might not be entirely accurate due to the complexity of the cryptocurrency market. Always prioritize your risk management and do your own research before making any investment decisions.