Price: 0.2986 | EMA7: 0.3 | EMA25: 0.3 | RSI14: 48.25 | Resistance: 0.33 | Support: 0.2832 | Average Volume: 211310.49 | Volume Trend: Decreasing
Based on the 1-hour chart of LAUSDT, here's a technical analysis:
- The price is currently at 0.2986.
- EMA25 is below EMA7, indicating bearish momentum.
- RSI14 is around 48, suggesting a balanced market but leaning towards buying opportunity.
- MACD is slightly bullish.
- The Volume Trend is decreasing, which could be a sign of weakening momentum.
- The price is below the support level of 0.2832, which indicates a high selling pressure.
Advice:
- For a Long entry, wait for a bounce at the support level of 0.2832 or look for a Golden Cross (EMA7 > EMA25). Buy at around $0.30.
- For a Short entry, consider selling at the current price or when the price drops below the support level of 0.2832. Short at around $0.295.
However, the current market conditions and decreasing volume trend suggest caution. A more reliable signal might be formed after a stronger bounce or break below the support level.