Price: 0.1584 | EMA7: 0.17 | EMA25: 0.17 | RSI14: 19.51 | Resistance: 0.1945 | Support: 0.1569 | Average Volume: 603150.4 | Volume Trend: Increasing
Based on the 1h chart of EDUUSDT, here are my observations and recommendations:
1. **Bearish Trend**: EMA25 is above EMA7, indicating a bearish trend.
2. **Low RSI**: RSI14 is 19.5, which is extremely low and indicates overselling.
3. **Negative MACD**: MACD is -0.0038, which is negative and indicates bearish momentum.
4. **Increasing Volume**: Average volume is 603,150.4, and the volume trend is increasing, which is a bullish indication.
5. **Near Support**: Price is close to the support level of 0.1569.
**Recommendations**:
* **Long/Short Entry Price**: A long/short entry price could be around 0.1584, as it is near the support level.
* **Best Spot Buy Price**: I would recommend buying at a spot price of 0.1575 or lower, as it is below the support level and may bounce back up.
* **Risk Management**: Be cautious of the resistance level at 0.1945, and set a Stop Loss around 0.1600 to limit potential losses.
* **Target Price**: If the price starts to rally, a potential target could be around 0.1700, which is near the EMA25.