Price: 0.1959 | EMA7: 0.2 | EMA25: 0.2 | RSI14: 39.14 | Resistance: 0.222 | Support: 0.1757 | Average Volume: 527578.52 | Volume Trend: Decreasing
Based on the 4H chart of HIVEUSDT:
- Current price is 0.1959, below both EMA7 (0.1985) and EMA25 (0.2003), indicating a downtrend.
- RSI14 is at 39.14, suggesting the asset is approaching oversold territory, potentially nearing a support level.
- MACD is negative (-0.0007), reinforcing the bearish sentiment.
- The nearest support is at 0.1757, and resistance is at 0.222.
**Advice:**
- **Long Entry:** Consider buying around the support level of 0.1757, with a stop loss below this level. A safer entry could be after a clear sign of reversal (e.g., RSI moving out of oversold territory).
- **Short Entry:** If the price bounces off the current levels and hits resistance at 0.222, consider shorting with a stop loss above 0.222.
- **Best Spot Buy Price:** 0.1757 (support level), but watch for signs of reversal before entering.
Keep in mind to manage your risk and adjust positions according to your overall strategy and market conditions.