Price: 7.108E-5 | EMA7: 0 | EMA25: 0 | RSI14: 32.15 | Resistance: 7.975E-5 | Support: 6.897E-5 | Average Volume: 5397090271.12 | Volume Trend: Decreasing
For FLOKIUSDT on the 1h timeframe, here's a brief analysis and advice:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 32.145, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, supporting the downtrend indication.
- The price is between the support and resistance levels.
**Advice:**
- **Long Entry:** Consider entering long around the support level of 6.897E-5 if it reaches there, with a stop loss below this level.
- **Short Entry:** A potential short entry could be near the resistance level of 7.975E-5 upon confirmation of rejection, with a stop loss above this level.
- **Spot Buy:** The best spot buy price would be around 6.9E-5, aligning with the support level, as it represents a potential reversal area due to being oversold.