Price: 0.1279 | EMA7: 0.13 | EMA25: 0.13 | RSI14: 46.34 | Resistance: 0.1386 | Support: 0.1211 | Average Volume: 853841.38 | Volume Trend: Decreasing
Based on the 4-hour chart of ICXUSDT, here's my analysis:
* The price is currently testing the EMA 25, which acting as a resistance level.
* The RSI is indicating oversold conditions, with a reading of 46.
* The MACD is below the signal line, suggesting a bearish momentum.
* The decreasing volume trend suggests a loss of buying pressure.
Recommendations:
* For a Long/Short entry, consider buying at the current price of 0.1279 and setting a take profit at 0.1330. Stop loss should be placed at 0.1248.
* For a spot buy, consider buying at 0.1290, as it's close to the EMA 25 and could potentially bounce off it.
Please note that these are just technical analysis suggestions and may not reflect the actual market movement. It's always important to consider other factors and your own risk tolerance before making a trading decision.