Price: 1.086 | EMA7: 1.17 | EMA25: 1.29 | RSI14: 42.87 | Resistance: 7.08 | Support: 0.15 | Average Volume: 15124656.64 | Volume Trend: Decreasing
Based on the weekly technical analysis of UMAUSDT, here's a brief assessment:
* The price (1.086) is below both EMA7 (1.166) and EMA25 (1.292), indicating a downtrend.
* RSI14 (42.87) is nearing oversold territory, suggesting a potential bounce.
* MACD (-0.099) is in negative territory, supporting the downtrend.
**Long Entry:** Consider a long entry around 0.8-0.9, nearing the support zone, with a stop-loss below 0.7.
**Short Entry:** Consider a short entry around 1.3-1.4, nearing the EMA25, with a stop-loss above 1.5.
**Spot Buy Price:** A good spot buy price could be around 0.7-0.8, where the price may find strong support.
Keep in mind that these are rough estimates and should be adjusted based on your risk tolerance and market conditions. Always use proper risk management.