Price: 0.03381 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 37.51 | Resistance: 0.03441 | Support: 0.03323 | Average Volume: 1336599.25 | Volume Trend: Decreasing
Based on the 1h chart, here's my analysis:
The price is currently below EMA7 and EMA25, indicating a bearish trend. RSI14 is at 37.51, suggesting the asset is oversold. MACD is negative, confirming the downward momentum.
Recommended strategy:
Long: Wait for a pullback to the support level (0.03323) and look for a bullish reversal candle to enter a long position at around 0.0333. Set a stop-loss at 0.0329 and a take-profit at 0.0341.
Short: Consider shorting at the current price (0.03381) with a target at 0.03323 and a stop-loss at 0.0341.
Spot Buy: If you're looking to buy at the current price, set a stop-loss at 0.0333 and a take-profit at 0.0341.
Please keep in mind that this is a short-term technical analysis and is subject to change based on market conditions.