Price: 0.109 | EMA7: 0.12 | EMA25: 0.22 | RSI14: 36.87 | Resistance: 2.689 | Support: 0.03 | Average Volume: 116998782.08 | Volume Trend: Decreasing
Based on the technical analysis of TNSRUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 36.87, suggesting the asset is approaching oversold territory, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
For a Long position, consider waiting for a reversal signal, potentially around the support level of 0.03. A conservative entry could be near 0.03 if it holds, or after a clear reversal pattern forms.
For a Short position, given the downtrend, a potential entry could be considered upon a bounce off resistance or a failed attempt to break above EMA7 or EMA25. A possible short entry could be around 0.12-0.13 if the price rallies towards EMA7.
Best spot buy price: Around 0.03, if it reaches and holds, or after a confirmed reversal pattern.
Advice:
- Long entry: Wait for a clear reversal around 0.03 or a strong bullish signal.
- Short entry: Consider around 0.12-0.13 upon a bounce or failure to break above EMA7.