Price: 0.2305 | EMA7: 0.24 | EMA25: 0.25 | RSI14: 35.76 | Resistance: 0.3347 | Support: 0.2001 | Average Volume: 56307022.05 | Volume Trend: Decreasing
Based on the 1D chart, here's my technical analysis:
Bearish trend: Price is below EMA7 and EMA25, and MACD is negative.
Short entry: Consider shorting around 0.2400 (near EMA7) with a stop-loss above 0.2500.
Long entry: Wait for a bullish reversal, potentially around 0.2100 (near Support) with a stop-loss below 0.2001.
Spot buy: Not recommended at current price (0.2305) due to bearish trend and decreasing volume. Wait for a bullish reversal or a test of Support before considering a long entry.
Please keep in mind that this is a brief analysis, and it's essential to combine it with other forms of analysis and risk management before making any trading decisions.