Price: 0.522 | EMA7: 0.53 | EMA25: 0.54 | RSI14: 41.61 | Resistance: 0.593 | Support: 0.505 | Average Volume: 295993.2 | Volume Trend: Increasing
For ACEUSDT on the 4-hour chart:
- Given the current price (0.522) is below both EMA7 (0.5316) and EMA25 (0.5354), the trend is bearish.
- RSI14 at 41.6079 indicates the asset is nearing oversold territory, suggesting a potential reversal or bounce.
- MACD being negative (-0.003041) supports the bearish trend.
- Resistance is at 0.593, and support is at 0.505.
**Advice:**
- **Long Entry:** Consider entering long around 0.505 (support level), with a stop loss below this level.
- **Short Entry:** A break above 0.5316 (EMA7) could indicate a short-term bullish reversal, but given the overall trend, consider shorting around 0.55-0.56 if the price rallies towards EMA7 or EMA25, with a stop loss above 0.593.
- **Spot Buy:** The best spot buy price would be around 0.505, considering it as a strong support level.
Monitor volume and RSI for confirmation of reversal or continuation. Increasing volume with a price bounce off support could be a good confirmation for a long entry.