Price: 2.063 | EMA7: 2.06 | EMA25: 2.12 | RSI14: 37.44 | Resistance: 2.55 | Support: 1.785 | Average Volume: 213504.98 | Volume Trend: Decreasing
Based on the 4-hour chart, here's my analysis:
* The price is below the EMA7 and EMA25, indicating a short-term bearish trend.
* The RSI is approaching oversold territory, suggesting a potential bounce.
* The MACD is below zero, indicating bearish momentum.
* The resistance at 2.55 seems far, and the support at 1.785 is relatively close.
Recommendations:
* Best Long entry price: Around 2.03-2.04, with a stop-loss at 1.98. This is just above the recent low and has a decent risk-reward ratio.
* Best Short entry price: Not recommended at this time, as the RSI is approaching oversold territory and a potential bounce might occur.
* Spot buy price: Around 2.04, with a stop-loss at 1.99. This is a moderate-risk trade, considering the nearby support and decreasing volume trend.