Price: 0.0409 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 40 | Resistance: 0.0521 | Support: 0.0343 | Average Volume: 5522456.69 | Volume Trend: Decreasing
Based on the 4-hour chart, C98USDT appears to be in a downtrend, with the price trading below the EMAs and the RSI indicating oversold conditions.
For a Long/Short entry:
* Short entry: Wait for a breakout below support level 0.0343 for better risk-reward ratio.
* Long entry: Look for a bounce off the current price around 0.0409, aiming for a long entry at 0.0425-0.0435, which is a resistance zone.
For a spot buy:
* Best spot buy price: 0.0360-0.0370, as this is below the EMAs and provides a better risk-reward ratio.
Note that the decreasing volume trend suggests a lack of momentum, which may increase the risk of further price decline. Consider adjusting your risk management strategy accordingly.