Price: 33.62 | EMA7: 37.08 | EMA25: 39.24 | RSI14: 44.88 | Resistance: 629.04 | Support: 19.43 | Average Volume: 2018837.22 | Volume Trend: Decreasing
Based on the 1-week chart, TRBUSDT is currently bearish. Here's my analysis:
* The price is below EMA7 and EMA25, indicating a downtrend.
* RSI14 is near the midpoint, suggesting a lack of strong momentum.
* MACD is bearish, further confirming the downtrend.
* Volume Trend is decreasing, which may indicate a potential reversal.
Advice:
* Short entry: Consider shorting around 36.50, near the EMA7 resistance, with a stop-loss above 38.00.
* Long entry: Wait for a breakout above 38.00 with a retest of the EMA7 as support. Then, enter long around 39.00 with a stop-loss below 37.00.
* Spot buy price: 31.50, near the support level, with a stop-loss below 29.00.
Keep in mind that these are high-risk trades, and it's essential to set appropriate stop-losses and manage your risk accordingly.