Price: 0.18721 | EMA7: 0.19 | EMA25: 0.19 | RSI14: 39.65 | Resistance: 0.20672 | Support: 0.18022 | Average Volume: 38074602.03 | Volume Trend: Decreasing
Based on the 1h technical analysis of DOGEUSDT:
- The price is currently at 0.18721, below both EMA7 (0.18815) and EMA25 (0.19061), indicating a downtrend.
- RSI14 is at 39.65, suggesting the asset is nearing oversold territory, potentially setting up for a reversal.
- MACD is negative, reinforcing the bearish momentum.
**Advice:**
- **Long Entry:** Consider entering long around 0.18022 (support level) if it reaches there, with a stop loss below this level to mitigate risk.
- **Short Entry:** Consider shorting around 0.1885-0.1906 (near EMA7/EMA25 resistance), with a stop loss above 0.192 to limit potential losses.
- **Spot Buy:** The best spot buy price would be around 0.18022, given it's a strong support level. However, wait for a bullish reversal signal (e.g., RSI moving out of oversold territory, bullish divergence on MACD) before buying.