Price: 0.687 | EMA7: 0.69 | EMA25: 0.7 | RSI14: 36.58 | Resistance: 0.767 | Support: 0.653 | Average Volume: 216037.07 | Volume Trend: Decreasing
Based on the 1h chart, here's my analysis:
The current price is below both EMAs (7 and 25), indicating a bearish trend. RSI is also in the oversold territory, suggesting a potential bounce. MACD is below zero, supporting the bearish bias.
Considering the resistance at 0.767 and support at 0.653, I'd recommend a short entry around 0.695 (just above the EMA7) with a stop-loss at 0.705. Targets could be 0.665 and 0.653.
Alternatively, if you're looking to spot buy, wait for a confirmed bounce above 0.695, then enter around 0.702 with a stop-loss at 0.688.
Keep in mind that the decreasing volume trend may indicate a lack of conviction in the market, so be prepared for potential whipsaws.