Price: 0.03445 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 42.17 | Resistance: 0.146 | Support: 0.02779 | Average Volume: 301140407.73 | Volume Trend: Decreasing
Based on the 1-week chart of TFUELUSDT, here's my analysis:
The price is currently at 0.03445, which is near the support level of 0.02779. The EMA7 and EMA25 are sloping downward, indicating a bearish trend. The RSI14 is at 42, which is neither overbought nor oversold. The MACD is negatively sloped, suggesting a potential continuation of the downtrend.
Advice:
* For a Long/Short position:
+ Long entry: Look for a bounce off the support level of 0.02779. Entry prices could be around 0.031-0.032, depending on the strength of the bounce.
+ Short entry: Look for a breakout above the EMA25 (0.039417) or a breakdown below the support level. Entry prices could be around 0.035-0.036.
* For a spot buy:
+ Look for a pullback to the support level of 0.031-0.032. This could be a good spot to buy with a target of around 0.040-0.041.
Note that these are just technical analysis recommendations and may not guarantee successful trades. It's essential to consider other factors such as fundamental analysis, risk management, and market conditions before making any trading decisions.