Price: 0.1273 | EMA7: 0.13 | EMA25: 0.13 | RSI14: 39.8 | Resistance: 0.16 | Support: 0.1225 | Average Volume: 1753163.75 | Volume Trend: Decreasing
Based on the 4h chart of KAVAUSDT:
- The current price is 0.1273, below both EMA7 (0.1316) and EMA25 (0.133), indicating a downtrend.
- RSI14 is at 39.80, suggesting the asset is approaching oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend.
For a **Long position**, a good entry could be around the support level of 0.1225, with a stop loss slightly below this level. Alternatively, waiting for a clear reversal signal (e.g., RSI entering oversold territory and then turning up, or MACD turning positive) could provide a safer entry.
For a **Short position**, entry could be considered near resistance at 0.16, or upon a confirmed break below the current support at 0.1225, indicating further downside.
For a **Spot Buy**, a good price could be around 0.1225, where the asset has shown support. However, a more conservative approach might wait for signs of a stronger reversal.
Keep an eye on volume; a decreasing volume trend during a downtrend could indicate a lack of selling pressure, potentially leading to a reversal.