Price: 0.877 | EMA7: 0.88 | EMA25: 0.85 | RSI14: 72.72 | Resistance: 0.891 | Support: 0.672 | Average Volume: 164376.69 | Volume Trend: Decreasing
API3USDT is showing a bullish trend on the 1h chart. With the price at 0.877, it's near the EMA7 (0.8766) and above EMA25 (0.8475), indicating a potential continuation of the uptrend. However, RSI14 is at 72.72, suggesting the asset might be overbought, potentially leading to a correction.
**Long Entry:** Consider entering long at a pullback towards EMA7 or slightly below (around 0.865-0.870), with a stop loss below EMA25 (0.847).
**Short Entry:** For a short position, wait for a clear break below EMA25 (0.847) or a failure to break above the resistance at 0.891, with a stop loss above 0.891.
**Spot Buy:** A good spot buy price could be around 0.830-0.840 if the price pulls back to or slightly below EMA25, providing a better entry for a longer-term hold.
Keep an eye on the decreasing volume trend, as it might indicate weakening momentum. Monitor the price action around the resistance at 0.891 for a potential breakout or rejection.