Price: 0.3452 | EMA7: 0.35 | EMA25: 0.35 | RSI14: 48.38 | Resistance: 0.3626 | Support: 0.3328 | Average Volume: 138577.98 | Volume Trend: Decreasing
Based on the 1h chart of COWUSDT:
- The EMA7 is above the EMA25, indicating a short-term uptrend.
- The RSI14 is around 48, which is neither overbought nor oversold, suggesting neutral momentum.
- The MACD is below 0, indicating a bearish trend.
- The volume trend is decreasing, which is bearish.
Considering the technical indicators, it's best to hold short positions. Long entries might not be ideal due to the bearish MACD and declining volume.
- Long entry could be when EMA7 crosses above EMA25, with a corresponding increase in volume and a RSI14 above 50.
- Long entry price: Wait for confirmation of a trend reversal (around 0.355 or below).
- Short entry could be around the current price of 0.3452, with targets at 0.3328 support and the RSI14 below 50.
- Short entry price: Buy put options or sell short when the MACD goes below 0, with targets at the 0.3328 level.
- Spot buy price: Avoid buying due to the mixed signs and bearish MACD. If looking to buy, wait for confirmation of a trend reversal (around 0.355 or below).