Price: 2.8 | EMA7: 2.95 | EMA25: 3.52 | RSI14: 38.65 | Resistance: 7.269 | Support: 2.354 | Average Volume: 53925880.83 | Volume Trend: Decreasing
Based on the technical analysis of TONUSDT at 1w:
- The price is currently at 2.8, below EMA7 (2.947) and EMA25 (3.524), indicating a bearish trend.
- RSI14 is at 38.65, suggesting the asset is nearing oversold territory, potentially a buying signal.
- MACD is negative (-0.483), further indicating a bearish trend.
**Advice:**
- **Long Entry:** Consider entering long around 2.4 (near support) with a stop loss below 2.3.
- **Short Entry:** Avoid shorting now as the price is near support; consider shorting if it bounces to EMA7 (around 2.9-3.0) with a stop loss above EMA7.
- **Spot Buy:** The best spot buy price would be around 2.4, near the support level, with a stop loss below 2.3.
Keep in mind that the overall trend is bearish, and the volume is decreasing, which might indicate a lack of conviction among traders. Monitor the price action around the support level for a potential bounce or breakdown.