Price: 0.0528 | EMA7: 0.05 | EMA25: 0.06 | RSI14: 28.27 | Resistance: 0.0596 | Support: 0.0523 | Average Volume: 670626.77 | Volume Trend: Increasing
Based on the 1h chart of FIDAUSDT:
* The price is in a downtrend, below the EMA7 and EMA25.
* The RSI14 is below 50, indicating that the price is in a selling zone.
* The MACD is negative, supporting the downtrend.
* The Volume Trend is Increasing, which could be a bullish sign if the price starts to rise.
Recommendations:
* Long Entry: Wait for a bullish bounce and consider going long at around 0.057, which is near the EMA7 and also slightly above the Support of 0.056.
* Long Entry (Risk-reward based Long Short): 0.057/0.056 target and stop loss of 0.0545 (around EMA25 + 1*Average true range)
* Short Entry: 0.055 (near EMA25 and Resistance) or below 0.0535.
* Spot Buy Entry: Avoid buying at the current price. Consider entering at 0.056 or higher, near the EMA7, if the price starts to rise.
Please note that this is a technical analysis and should not be considered as investment advice.