Price: 2.858 | EMA7: 2.95 | EMA25: 3.01 | RSI14: 35.8 | Resistance: 3.373 | Support: 2.843 | Average Volume: 272749.14 | Volume Trend: Decreasing
Based on the 4h chart analysis of ATOMUSDT:
1. **Momentum and trend**: The EMA25 is higher than EMA7, indicating a short-term downtrend. The MACD line is below the signal line, suggesting a bearish momentum. The RSI (35) is below the middle line, indicating the potential for further decline.
2. **Support and resistance**: The current price (2.858) is near the support level (2.843). The resistance level is 3.373. There is room for growth before reaching the resistance level.
3. **Volume trend**: The decreasing volume trend suggests a lack of conviction among traders, which can lead to a continued downtrend.
**Recommendation**:
- For a **Long/Short entry**: Wait for a bounce off the support level (2.843) with increasing volume. A potential entry point could be around 2.95, which is near the EMA7 line and the middle RSI line.
- For a **Long entry**: Consider buying around 2.85 with a stop loss near the support level (2.843). A target of 3.10 is possible if the price breaks the resistance level.
- For a **Spot buy**: Avoid buying at the current price due to the decreasing volume trend and bearish momentum indicators. Wait for a bounce or a significant price movement before entering the market.
- Target: 3.10, Stop Loss: 2.60, Take Profit: 4.