Price: 0.01831 | EMA7: 0.02 | EMA25: 0.03 | RSI14: 25.41 | Resistance: 0.18687 | Support: 0.00053 | Average Volume: 194974865.34 | Volume Trend: Decreasing
Based on the technical analysis of TUTUSDT at 1d:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 25.411, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, confirming bearish momentum.
For Long position: Consider entry around 0.015-0.016 if the price bounces off the support or shows significant reversal signs.
For Short position: Entry could be considered around 0.0185-0.019 if it fails to break above EMA7; a stronger case would be made if it approaches the resistance at 0.01867 and fails to break through.
Best spot buy price: Around 0.013-0.014 if it continues to decline and shows signs of stabilization or reversal, considering the current oversold condition. However, be cautious and look for confirmation of reversal.