Price: 0.0776 | EMA7: 0.09 | EMA25: 0.15 | RSI14: 34.18 | Resistance: 1.86 | Support: 0.05 | Average Volume: 411686111.42 | Volume Trend: Decreasing
Based on the provided technical analysis of WUSDT, here are my observations:
1. **Price:** The current price is 0.0776, which is below the EMA7 (0.08832173897) but above the EMA25 (0.14557893718), indicating a short-term bullish trend with a long-term bearish trend.
2. **RSI14:** The RSI14 (34.18) is below 50, suggesting that the price is still in a bearish trend, but the oversold condition indicates a potential rebound.
3. **MACD:** The MACD (-0.0506) is below the zero line, indicating a bearish trend.
4. **Volume Trend:** The decreasing volume trend suggests a loss of momentum.
5. **Resistance and Support:** The resistance is at 1.86, and support is at 0.05.
Considering the above factors, here are some trade suggestions:
- **Long Entry Price:** Buy on a bounce above 0.068 (a potential support level) with a target of 0.098, which is slightly above the EMA7. Stop loss below 0.053 (a potential support level).
- **Short Entry Price:** Sell on a breakout below 0.068 with a target of 0.038, which is below the EMA25. Stop loss above 0.078 (the current resistance).
- **Spot Buy Price:** Do not enter any long positions as the price is still within the bearish trend, and the RSI14 and MACD indicators do not signal a strong bullish trend.
However, if you want to take a high-risk trade considering the general bullish conditions, then you could attempt to buy it with the above long entry prices criteria with strict stop loss and position sizing to avoid heavy losses if the trade does not workout, this way risk and reward are balanced. However I must advise be cautious and do not take on a large position size at this point in time.