Price: 0.01607 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 35.62 | Resistance: 0.08 | Support: 0.00982 | Average Volume: 3054440907.69 | Volume Trend: Decreasing
Based on the 1-week chart of VETUSDT, here's my technical analysis:
**Current Price:** 0.01607 (below EMA7 and EMA25, indicating potential bearish trend)
**RSI14:** 35.62 (in the oversold region, suggesting a potential bounce)
**MACD:** Negative (-0.0024) with a weak signal (below zero) and no clear buy or sell crossover
**Recommendations:**
- **Short-selling Opportunity:** Consider taking a short position around the current price (0.01607) as VETUSDT has shown a bearish trend. However, be cautious and set a stop-loss at around 0.018 to limit potential losses.
- **Spot Buy:** Wait for a stronger signal, possibly after the RSI14 bounces back to around 50 (mid-range). A better entry price could be at resistance-turned-support levels, e.g., when it retests 0.022 (EMA25 level from previous weeks) or around the recent low of 0.012 (not given but can be inferred by the volume trend).