Price: 0.0201 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 41.37 | Resistance: 0.12432 | Support: 0.01658 | Average Volume: 362382706.05 | Volume Trend: Decreasing
Based on the 1W chart of WAXPUSDT, here's my technical analysis:
The price is currently below both EMA7 and EMA25, indicating a bearish trend. The RSI14 is also below 50, suggesting a bearish momentum. The MACD is also in the negative territory, confirming the bearish signal.
Given the current trend, I would recommend a short entry around 0.0210 (near EMA7) with a stop-loss above 0.0241 (near EMA25). For a long entry, I would suggest waiting for a breakout above 0.0241 with a stop-loss below 0.0210.
As for a spot buy, I would recommend waiting for a pullback to the support level around 0.01658 before considering a long entry.
Please note that this is a high-risk trade, and you should always consider your risk tolerance and overall market conditions before making any trading decisions.