Price: 4.766 | EMA7: 4.76 | EMA25: 4.76 | RSI14: 50.66 | Resistance: 5.008 | Support: 4.707 | Average Volume: 11032.13 | Volume Trend: Decreasing
Based on the provided chart, I would advise holding off on entering a long position at this point. The RSI14 is around 50, indicating a neutral market sentiment. The MACD is slightly bearish, but the prices are trading near the EMA25, which suggests a potential rebound.
For a short entry, I would look for a price to break down below the support level of 4.707. A potential entry point could be around 4.733, which would require a 2.7% decline from the current price.
For buying, I would look for a breakout above the resistance level of 5.008. A potential spot buy price could be around 4.933, which is a 1.5% upside from the current price.
Please note that these are just technical indications and should be used in conjunction with other forms of analysis and market research before entering any trades.