Price: 0.4901 | EMA7: 0.5 | EMA25: 0.51 | RSI14: 34.99 | Resistance: 0.5914 | Support: 0.4535 | Average Volume: 200986.52 | Volume Trend: Decreasing
Brief Analysis:
- The 4-hour chart of AVAUSDT shows price trading below EMAs (7 and 25), suggesting bearish momentum.
- RSI14 at 34.99 is in the oversold territory (typically considered below 30).
- MACD (-0.0055) is slightly bearish.
- Volume trend is decreasing, indicating weakening buying or selling interest.
- The current price (0.4901) is close to the support level (0.4535).
Recommendation:
Long Entry: Consider buying at 0.463 (around 2-3% lower than the current price), as it's close to the support level.
Long Exit: Set a stop-loss at 0.460 (about 5-6% lower than the entry price). Wait for the EMA crossover or RSI 14 to reach 50 or the price to break the 0.5 level to take profit.
Short Entry: Sell at the current price (0.4901) or at 0.495 (around 1-2% higher than the current price) if the EMAs start to converge.
Short Exit: Set a stop-loss at 0.498 (about 1-2% higher than the entry price). Wait for the price to break the resistance (0.5914) to take profit, or a MACD crossover.