Price: 0.5325 | EMA7: 0.53 | EMA25: 0.56 | RSI14: 38.81 | Resistance: 0.7558 | Support: 0.5049 | Average Volume: 6270301.99 | Volume Trend: Decreasing
Based on the 4-hour technical analysis of CRVUSDT:
- The price is currently at 0.5325, slightly below EMA7 (0.5338), indicating a potential bearish trend.
- EMA7 is below EMA25, confirming the bearish sentiment.
- RSI14 is at 38.81, suggesting the asset is nearing oversold territory, potentially setting up for a bounce.
- MACD is negative, reinforcing the bearish outlook.
**Advice:**
- **Long Entry:** Consider entering long around 0.5049 (support level) if it reaches there, with a stop loss slightly below.
- **Short Entry:** Consider shorting at a bounce towards 0.555-0.56 (EMA25), with a stop loss above 0.57.
- **Spot Buy:** The best spot buy price would be around 0.5049, as it's a strong support level.
Keep an eye on volume; a significant decrease might indicate a lack of interest, while an increase could signal a potential breakout or breakdown. Be cautious and adjust your strategy according to the trend.