Price: 9.9 | EMA7: 9.77 | EMA25: 9.79 | RSI14: 54.03 | Resistance: 11.06 | Support: 9.1 | Average Volume: 24997.24 | Volume Trend: Decreasing
Based on the 4h chart of AUCTIONUSDT, I would advise against entering a long position at the current price of 9.9. The RSI14 is approaching overbought territory and the MACD is bearish, suggesting that the price might be due for a pullback.
For a long entry, I would recommend waiting for a pullback to the EMA7 level of 9.7689 or even lower to the support level of 9.1. This would provide a better risk-reward ratio and allow for a potential breakout above the resistance level of 11.06.
As for a spot buy, I would advise patience and not entering a spot buy at the current price due to the decreasing volume trend and the bearish MACD. Instead, wait for a bullish candlestick pattern or a break above the EMA25 level, which could indicate a potential trend reversal. A spot buy could be considered at a price around 9.5-9.6, where the RSI14 is more neutral and the price is approaching the EMA7.