Price: 0.3335 | EMA7: 0.34 | EMA25: 0.34 | RSI14: 44.05 | Resistance: 0.3807 | Support: 0.3238 | Average Volume: 147035.49 | Volume Trend: Decreasing
Based on the 1-hour chart analysis:
* The short-term EMA7 is above the medium-term EMA25, indicating a potential bearish crossover.
* The RSI14 is trending downwards, suggesting a possible oversold condition.
* The MACD is close to zero, indicating a lack of strong momentum.
Advice:
* Long Entry: Wait for a breakout above the resistance level of 0.3807 with a stop-loss at 0.3660. Target 0.4000.
* Short Entry: Sell on a breakdown below the support level of 0.3238 with a stop-loss at 0.3360. Target 0.3100.
* Spot Buy: Consider buying at current prices (0.3335) with a stop-loss at 0.3260, targeting 0.3500. However, be cautious due to the decreasing volume trend.
Please keep in mind that technical analysis is not always 100% accurate, and it's essential to combine it with fundamental analysis and risk management strategies.