Price: 0.0398 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 44.26 | Resistance: 0.0432 | Support: 0.0385 | Average Volume: 4243297.01 | Volume Trend: Decreasing
Based on the technical analysis of ACTUSDT at 1h:
* The price (0.0398) is below both EMA7 (0.040026444083615) and EMA25 (0.040123482009377), indicating a downtrend.
* RSI14 (44.263197715099) is nearing oversold territory, suggesting a potential reversal.
* MACD (-4.305835026483E-5) is negative, confirming the downtrend.
Advice:
* Long entry: Consider buying at support level 0.0385 or on a confirmed reversal above EMA7 (0.040026444083615).
* Short entry: Consider shorting at resistance level 0.0432 or on a confirmed breakdown below support 0.0385.
* Best spot buy price: 0.0385 (support level).
Keep in mind that this analysis is based on a single timeframe and indicator set. Always consider multiple perspectives and risk management strategies.