Price: 33.77 | EMA7: 34.51 | EMA25: 35.09 | RSI14: 31.02 | Resistance: 37.58 | Support: 33.5 | Average Volume: 4639.27 | Volume Trend: Decreasing
Based on the 1h analysis of COMPUSDT:
- The price is below both EMA7 and EMA25, indicating a bearish trend.
- RSI14 is at 31.02, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, reinforcing the bearish sentiment.
**Advice:**
- **Long Entry:** Consider a long position around 33.5 (support level) with a stop loss below it. A break above EMA7 (34.51) could be a good confirmation.
- **Short Entry:** If the price bounces off the current levels and hits resistance or fails to break above EMA7/EMA25, consider shorting around 35-35.5, targeting 33.5, with a stop loss above 37.58.
- **Spot Buy:** The best spot buy price could be around 33.5, with a strong indication of reversal or a confirmed bounce.
Keep an eye on the volume trend; a decreasing volume might indicate a weakening bearish momentum, potentially leading to a reversal.