Price: 8.66 | EMA7: 9.11 | EMA25: 10.15 | RSI14: 28.3 | Resistance: 16.44 | Support: 7.14 | Average Volume: 11550825.51 | Volume Trend: Decreasing
Based on the 1-day chart, here's my technical analysis of TRUMPUSDT:
**Bullish Signs:**
* RSI14 is oversold at 28.29, indicating a potential reversal.
* Price is close to the Support level of 7.14.
**Bearish Signs:**
* EMA7 and EMA25 are both above the current price, indicating a bearish trend.
* MACD is negative, suggesting selling pressure.
* Volume Trend is decreasing, which may indicate a lack of interest in the asset.
**Recommendations:**
* Long Entry: 7.20 (just above the Support level) with a Stop Loss at 6.90.
* Short Entry: 9.10 (just below the EMA7) with a Stop Loss at 9.50.
* Spot Buy: 7.40 (if the price breaks above the Support level with conviction).
Remember to set your stop-losses and take profits carefully, and consider market news and trends before making a trade.