Price: 0.1235 | EMA7: 0.12 | EMA25: 0.13 | RSI14: 41.06 | Resistance: 0.1371 | Support: 0.1174 | Average Volume: 1797362.94 | Volume Trend: Decreasing
Based on the 1-hour chart analysis:
* The price is trading below the EMA7 and EMA25, indicating a bearish trend.
* The RSI14 is at 41, suggesting the asset is not oversold yet.
* The MACD is negative, indicating bearish momentum.
Recommendations:
* Short Entry: 0.1230 (just below the current price) with a stop-loss at 0.1260.
* Long Entry: 0.1180 (near the support level) with a stop-loss at 0.1150.
* Spot Buy: Avoid buying at current price. Wait for a breakout above 0.1260 or a pullback to 0.1180 for a better entry.
Keep in mind that these are short-term recommendations based on the 1-hour chart. It's essential to monitor the market and adjust your strategy as the trend changes.