Price: 0.67 | EMA7: 0.68 | EMA25: 0.69 | RSI14: 38.79 | Resistance: 0.806 | Support: 0.653 | Average Volume: 119078.22 | Volume Trend: Decreasing
Based on the technical analysis of CITYUSDT at 4h:
- The price is currently at 0.67, below both EMA7 (0.6839) and EMA25 (0.6940), indicating a downtrend.
- RSI14 is at 38.79, suggesting the asset is approaching oversold territory, potentially nearing a reversal point.
- MACD is negative, reinforcing the bearish trend.
- The nearest support is at 0.653, and resistance is at 0.806.
**Advice:**
- **Long Entry:** A potential long entry could be considered near the support level of 0.653, with a stop loss below this level. Alternatively, wait for a clear reversal signal (e.g., RSI moving out of oversold territory, bullish MACD crossover).
- **Short Entry:** If the price bounces off the current level or resistance and heads back down, consider shorting near the EMA7 or EMA25, around 0.6839 or 0.6940, with a stop loss above the resistance at 0.806.
- **Spot Buy:** For a spot buy, a more favorable price would be around the support level of 0.653, or slightly above if there's a clear sign of reversal (e.g., bullish engulfing candle, RSI > 50).
Keep an eye on the volume trend, as a decreasing volume during a downtrend could indicate a potential reversal or consolidation.