Price: 2.256 | EMA7: 2.27 | EMA25: 2.29 | RSI14: 36.42 | Resistance: 2.364 | Support: 2.131 | Average Volume: 113740.94 | Volume Trend: Decreasing
Based on the 1h chart of CAKEUSDT:
* The price (2.256) is below EMA7 (2.265) and EMA25 (2.288), indicating a short-term downtrend.
* RSI14 (36.415) suggests the asset is oversold, which could lead to a bounce.
* MACD (-0.0135) is negative, confirming the downtrend.
Best Long entry: 2.18 (near support) with a target of 2.364 (resistance).
Best Short entry: 2.364 (resistance) with a target of 2.131 (support).
Best Spot Buy: 2.20, considering the oversold RSI and potential bounce.