Price: 0.818 | EMA7: 0.84 | EMA25: 0.86 | RSI14: 30.79 | Resistance: 1.156 | Support: 0.801 | Average Volume: 148250.24 | Volume Trend: Increasing
Based on the 4-hour chart of CITYUSDT, here's my analysis:
CITYUSDT appears to be in a downtrend, with the price below the EMAs (7, 25). The RSI is oversold, suggesting a potential reversal.
Advice on best Long/Short entry prices:
* Short entry: Consider selling around 0.815 (close to the support level) to profit from the downtrend.
* Long entry: Look for a reversal setup near the oversold area, around 0.80-0.802 (just below the support level).
Best spot buy price:
* Consider buying around 0.80-0.802, where the price is likely to bounce back due to the oversold RSI. Be cautious, as the price may drop further before the reversal.
Keep in mind that technical analysis is not a guarantee of future performance, and it's essential to closely monitor the market for any changes in the trend.