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📊 Analysis: WIFUSDT (1d)

Price: 0.774 | EMA7: 0.8 | EMA25: 0.87 | RSI14: 41.14 | Resistance: 1.393 | Support: 0.304 | Average Volume: 85025334.51 | Volume Trend: Decreasing

🤖 AI Insight

Based on the 1-day chart of WIFUSDT, here's my analysis:

The chart shows a bearish trend with a forming descending triangle pattern, indicating a continued downward trajectory. The EMA7 and EMA25 are declining, and the RSI14 is oversold, which may trigger a short-term bounce.

For a Long/Short entry, I would recommend entering a short position around $0.80, as this price coincides with the EMA7 and has some resistance. The potential profit target would be around $0.35, near the support level.

For spot buying, it's not recommended to enter a buy position as the trend is bearish. However, if you decide to take the risk, wait for the price to break the $0.65 level, which could serve as a good entry point. This price is near the 50% retracement level of the recent downtrend.

Remember to always set stop-loss and take-profit levels carefully, and to manage your risk accordingly.