Price: 1.76 | EMA7: 1.77 | EMA25: 1.78 | RSI14: 37.62 | Resistance: 1.925 | Support: 1.73 | Average Volume: 66437.84 | Volume Trend: Decreasing
Based on the 1-hour chart analysis of ALPINEUSDT:
* The price is trading below the EMA25, indicating a bearish trend.
* RSI14 is at 37.61, suggesting the asset is oversold and due for a bounce.
* MACD is bearish, but the histogram is shrinking, hinting at a potential reversal.
* Volume trend is decreasing, which may indicate a lack of conviction in the current trend.
Recommendations:
* Long entry: 1.74 (just above the support level) with a stop-loss at 1.71.
* Short entry: 1.83 (just below the EMA25) with a stop-loss at 1.86.
* Spot buy price: 1.74, considering the oversold RSI and potential bounce.
Please note that these are mere technical analysis suggestions and not personalized investment advice. Always do your own research and consider market fundamentals before making trades.