Price: 6.859E-5 | EMA7: 0 | EMA25: 0 | RSI14: 40.31 | Resistance: 7.561E-5 | Support: 6.396E-5 | Average Volume: 6140936932.92 | Volume Trend: Decreasing
Based on the 1h technical analysis of FLOKIUSDT, here's a brief analysis and advice:
The price is currently at 6.859E-5, slightly below EMA7 (6.863E-5), indicating a potential bearish trend. RSI14 is at 40.31, nearing the oversold territory. MACD is negative, confirming the bearish momentum.
**Long/Short Entry Prices:**
- Long entry: Consider buying around the support level of 6.396E-5, as it may bounce back from this level.
- Short entry: Consider shorting around the current resistance level of 7.561E-5, if the price reaches it.
**Best Spot Buy Price:**
The best spot buy price could be around 6.396E-5, as it is a strong support level. However, if you're looking for a more conservative entry, you could wait for the price to stabilize and RSI to move out of the oversold territory.
Keep in mind that the volume trend is decreasing, which may indicate a lack of conviction in the current trend. Monitor the price action and adjust your strategy accordingly.