Price: 0.0535 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 34.4 | Resistance: 0.0699 | Support: 0.0531 | Average Volume: 4072479.9 | Volume Trend: Decreasing
Based on the 4h technical analysis of AEVOUSDT, here's a brief summary:
The current price is 0.0535, below both EMA7 (0.0564) and EMA25 (0.0585), indicating a downtrend. RSI14 is at 34.40, suggesting the asset is oversold, potentially nearing a reversal. MACD is negative, confirming the downtrend.
**Recommendation:**
- **Long Entry:** Consider a long position around 0.0531 (support level) with a stop loss below it. A potential target is 0.0564 (EMA7).
- **Short Entry:** If the price bounces off the current level and reaches 0.0564 (EMA7) or 0.0585 (EMA25), consider a short position with a stop loss above EMA25. Target would be 0.0531.
- **Spot Buy:** The best spot buy price would be around 0.0531, where the support is strong.
Keep in mind, the volume trend is decreasing, which might indicate a lack of strong conviction in the current direction. Monitor the price action around the support and resistance levels for a clearer direction.