Price: 1.251 | EMA7: 1.26 | EMA25: 1.29 | RSI14: 36.92 | Resistance: 1.519 | Support: 1.2159 | Average Volume: 233200.2 | Volume Trend: Increasing
Based on the 1h chart, here's my technical analysis:
**Bearish bias**: RSI14 is near oversold territory, and MACD is below zero, indicating a strong downtrend.
**Entry strategies:**
* **Short**: Consider shorting at 1.245 (just below the current price) with a stop loss at 1.259 (above EMA7).
* **Long**: Wait for a bullish reversal candlestick pattern or a break above EMA25 (1.2918) with a stop loss at 1.235. Ideal entry price would be around 1.27.
**Spot buy price:** If you're willing to take a risk, consider buying at 1.235 (just above the support level) with a tight stop loss at 1.225. However, be cautious of the overall bearish trend.
Keep in mind that the increasing volume trend suggests high volatility, so it's essential to manage your risk and set appropriate stop losses.