Price: 0.806 | EMA7: 0.91 | EMA25: 0.98 | RSI14: 45.11 | Resistance: 4.86 | Support: 0.304 | Average Volume: 585201565.83 | Volume Trend: Decreasing
Based on the technical analysis of WIFUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is below 50, suggesting bearish momentum.
- MACD is negative, confirming the bearish trend.
For Long position: Consider entry around 0.60-0.65 if it bounces back from support levels or shows signs of reversal.
For Short position: Consider entry around 1.00-1.05 if it fails to break EMA7 and EMA25.
Best spot buy price: Around 0.304 (support level) if it reaches there, or wait for a clear reversal signal.
Keep in mind that this is a high-risk trade, and you should set stop-loss accordingly.