Price: 0.677 | EMA7: 0.7 | EMA25: 0.72 | RSI14: 20.94 | Resistance: 0.785 | Support: 0.673 | Average Volume: 172213.9 | Volume Trend: Decreasing
Based on the 1h technical analysis of ALPINEUSDT:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 20.94, suggesting the asset is oversold, potentially due for a bounce.
- MACD is negative, supporting the downtrend.
**Long Entry:** Consider a long position around the support level of 0.673 if it holds, with a stop-loss below this level. A more aggressive entry could be at the current price (0.677) if expecting a bounce from the oversold condition.
**Short Entry:** Consider a short position if the price breaks below the support level of 0.673, targeting the next lower level, or if it bounces off the current level and fails to break above EMA7 (0.70274233273379).
**Spot Buy:** The best spot buy price could be around 0.673, if it is supported. Alternatively, a safer entry might be after a confirmed bounce from the support level, potentially around 0.677 to 0.673, with a stop-loss below 0.673.
Keep in mind, decreasing volume trend could indicate a weakening trend, but in this case, it might also precede a reversal due to the oversold RSI. Monitor the price action closely around the support level for a potential bounce.