Price: 0.02603 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 36.52 | Resistance: 0.05158 | Support: 0.00689 | Average Volume: 24476210.11 | Volume Trend: Decreasing
For SYSUSDT on the 1d chart:
- The current price is 0.02603, below both EMA7 (0.02784) and EMA25 (0.02986), indicating a downtrend.
- RSI14 is at 36.52, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, further indicating bearish momentum.
**Long Entry:** Consider a long position if the price breaks above EMA7 (0.02784) with strong volume, targeting a first resistance near 0.031-0.033. A more conservative entry would be above the EMA25 (0.02986) with a stop-loss below the recent low.
**Short Entry:** If the downtrend continues, consider a short position near resistance levels or on a bounce towards EMA7/EMA25, with a stop-loss above the recent resistance or EMA25. A short entry near 0.028-0.03 with a stop-loss above 0.031 could be viable.
**Spot Buy:** A reasonable spot buy could be around the current support or slightly below if it holds, around 0.025-0.023, anticipating a bounce. However, a stronger buy signal would be if the price breaks the downtrend and EMA7/EMA25 with strong volume.
Keep an eye on the volume trend; an increasing volume with a price reversal could strengthen the case for a long or short position.