Price: 2.512 | EMA7: 2.52 | EMA25: 2.54 | RSI14: 44.25 | Resistance: 2.727 | Support: 2.417 | Average Volume: 24971.84 | Volume Trend: Decreasing
Based on the provided 4-hour GASUSDT chart, here are some observations:
- The EMA7 is slightly below the current price, indicating a gentle downward trend.
- The EMA25 is also below the current price, suggesting a stronger downward trend.
- The RSI14 is below 50, indicating the price is in a downward trend.
- The MACD is negative, supporting the bearish trend.
- The Resistance level is at 2.727, which is relatively far from the current price.
- The Support level is at 2.417, which is a reasonable short entry target, considering buying at 2.45 would be safer with a stop-loss near 2.50.
- The Average Volume is lower than usual, indicating fewer market participants.
Considering the bearish trend:
Best LONG entry: Avoid long positions for now, as the trend is bearish. If you still want to go long, consider a higher resistance level, around 2.55-2.6, with a stop-loss at 2.45.
Best SHORT entry: Short entry price could be around 2.45 (near the support level) with a stop-loss above 2.50.