Price: 0.0603 | EMA7: 0.05 | EMA25: 0.1 | RSI14: 20.2 | Resistance: 0.388 | Support: 0.0356 | Average Volume: 446569284.55 | Volume Trend: Decreasing
Based on the 1-week technical analysis:
* The RSI is oversold, indicating a potential reversal.
* The MACD is bearish, but the distance from the signal line is not extreme.
* The EMA7 is below the EMA25, which is a bearish sign.
* The resistance level is far away, and the support level is close.
Advice:
* Long entry: around 0.045 (just above the support level) with a stop-loss at 0.0356.
* Short entry: not recommended at this time, as the RSI is oversold and a reversal might occur.
* Spot buy: consider buying around 0.055 (just above the EMA7) if the RSI starts to rise and the MACD begins to converge.
Please keep in mind that this is a brief analysis and it's not a trading advice. It's always recommended to use proper risk management and to consider multiple time frames and other technical and fundamental factors before entering a position.