Price: 0.02739 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 45.64 | Resistance: 0.058 | Support: 0.01261 | Average Volume: 417208070.16 | Volume Trend: Decreasing
Based on the 1D chart, here's my analysis:
** Bearish Trend **
* EMA7 and EMA25 are bearishly aligned, with the faster EMA7 below the slower EMA25.
* The RSI14 is neutral, but leaning towards bearish territory.
* The MACD is also bearish, indicating downward momentum.
** Entry Prices **
* Avoid long positions for now, as the trend is bearish.
* Short entry: 0.0255 (just below the current price) with a stop-loss at 0.0285.
* Target: 0.0225 (near the support level).
** Spot Buy Price **
* Wait for a bullish reversal signal before entering a long position.
* If the price breaks above the EMA25 (0.02760181), consider a long entry.
Keep in mind that this analysis is based on a single time frame and might not reflect the complete market situation. It's essential to combine technical analysis with fundamental analysis and risk management techniques.