Price: 2.137E-5 | EMA7: 0 | EMA25: 0 | RSI14: 57.58 | Resistance: 2.346E-5 | Support: 1.587E-5 | Average Volume: 126617553039.73 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of BONKUSDT, here's my assessment:
- **Short-term Trend:** Neutral, as EMA7 is above EMA25 but not by a significant margin. However, RSI14 indicates that the coin is not overbought (57 < 70).
- **Trading Strategy:**
- **Long/Short:** Consider a LONG entry at the Support level (1.587E-5), as it's a potential entry point, although the Volume Trend is decreasing, and market momentum may be weak.
- **Long/Short:** Consider a SHORT entry at RSI 60-70 when Bullish Divergence is detected on the chart.
- **Spot Buy:** Buy at Support level (1.587E-5), as it's a low-risk entry point. However, be cautious as the Volume Trend is decreasing.
- **Other Considerations:**
- Keep an eye on the MACD for a potential bullish crossover.
- RSI may cross 50, which could indicate the start of a change of trend.