Price: 2.9613 | EMA7: 2.95 | EMA25: 2.94 | RSI14: 59.32 | Resistance: 3.0032 | Support: 2.7637 | Average Volume: 22399.09 | Volume Trend: Decreasing
Based on the technical analysis of FORMUSDT at 1h:
- The price is above both EMA7 and EMA25, indicating a short-term bullish trend.
- RSI14 is at 59.32, suggesting the asset is not overbought yet.
- MACD is positive, reinforcing the bullish signal.
- The price is near resistance at 3.0032.
**Advice:**
- **Long Entry:** Consider entering long around 2.95-2.96 if the price pulls back to EMA7 or slightly below, with a stop-loss below 2.94.
- **Short Entry:** Consider shorting if the price breaks below EMA7 (2.9533) and fails to hold, or if it hits resistance at 3.0032 and shows signs of rejection, with a stop-loss above 3.01.
- **Spot Buy:** A good spot buy price could be around 2.7637 (support level) if the price drops to that level, or a break above 3.0032 with confirmation of a higher high.
Keep an eye on volume; a decreasing volume trend might indicate a potential reversal or consolidation.