Price: 0.0613 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 29.17 | Resistance: 0.0662 | Support: 0.0609 | Average Volume: 370680.25 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of GLMRUSDT, here's my assessment:
**Bearish Signal**: The RSI14 is in the oversold zone (29.16), suggesting a potential bounce. However, the MACD is still negative, indicating bearish momentum.
**Entry Prices**:
* **Long**: Wait for a bounce from the support level (0.0609) and enter around 0.0615, with a stop-loss at 0.0605.
* **Short**: Enter around 0.0622, just below the EMA25 (0.062394), with a stop-loss at 0.0632.
**Spot Buy Price**: Consider buying around 0.0615, with a stop-loss at 0.0605, as the RSI is oversold and the price is near the support level.
Keep in mind that the decreasing volume trend might indicate a lack of conviction in the current price movement, so be cautious and adjust your position size accordingly.