Price: 0.000666 | EMA7: 0 | EMA25: 0 | RSI14: 41.4 | Resistance: 0.00094 | Support: 0.000636 | Average Volume: 598166918.29 | Volume Trend: Decreasing
Based on the 4-hour chart of HMSTRUSDT, my technical analysis suggests the following:
The price is trading below the EMA7 and EMA25, indicating a short-term bearish trend. The RSI14 is at 41, suggesting the market is neither overbought nor oversold.
My advice is to consider a Long/Short entry:
* Long entry: Buy when the price touches the 0.000664 zone, which is near the support level, and rides the upward momentum to target the 0.00086 zone.
* Short entry: Sell when the price tests the resistance zone at 0.00094, and looks to target the support level at 0.000636.
For a spot buy, I recommend waiting for a clear uptrend or a bullish divergence on the MACD before entering. As the volume trend is decreasing, it's essential to prioritize confirmation and accurate risk management.
Best spot buy price: Wait for a clear buy signal before entering.
Risks:
* Bearish momentum remains in place, and a break of the 0.000636 support level could lead to further declines.
* Lack of conviction in the current trend, making it essential to wait for confirmation before taking a position.
Remember to adjust your position sizes and set stop-losses accordingly to manage your risks.