Price: 0.0621 | EMA7: 0.07 | EMA25: 0.07 | RSI14: 41.86 | Resistance: 0.528 | Support: 0.05 | Average Volume: 424029618.22 | Volume Trend: Decreasing
Based on the 1-day technical analysis of TSTUSDT, here are my observations and recommendations:
The price is currently trading at 0.0621, which is above the EMA7 and below the EMA25, indicating a bearish trend. The RSI14 is at 41.86, suggesting the market is oversold. The MACD is negative, indicating a bearish crossover.
My recommendations are:
1. Long/Short entry prices: Consider entering a long position if the price breaks above the EMA25 (0.069927785045676) at around 0.0710-0.0720 to take advantage of the potential trend reversal. Conversely, consider entering a short position if the price breaks below the EMA7 (0.068074265585915) at around 0.0580-0.0590 to ride the downward trend.
2. Spot buy price: If you're looking for a spot buy, consider waiting for a pullback to the support level (0.05) and look for a buy signal, such as a bullish candle or a relative strength index (RSI) divergence.
Please keep in mind that these are just technical observations, and it's essential to consider other factors, such as fundamental analysis and market sentiment, before making any trading decisions.