Price: 0.6365 | EMA7: 0.64 | EMA25: 0.65 | RSI14: 34.37 | Resistance: 0.6832 | Support: 0.6316 | Average Volume: 184792.28 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of LAYERUSDT:
- The price is currently at 0.6365, below both EMA7 (0.6412) and EMA25 (0.648), indicating a downtrend.
- RSI14 is at 34.37, suggesting the asset is potentially oversold, which could lead to a bounce.
- MACD is negative, further indicating bearish momentum.
**Advice:**
- **Long Entry:** Consider entering long around the support level of 0.6316 or slightly above if there's a clear bullish reversal signal. A break above EMA7 (0.6412) could be a confirmation.
- **Short Entry:** If the price fails to break above EMA7 or EMA25 and continues downwards, consider shorting around 0.628 (slightly below current support) with a stop-loss above 0.6412.
- **Spot Buy:** The best spot buy price could be around 0.6316 or slightly below if it holds as strong support, or on a clear bullish reversal signal.
Keep in mind, decreasing volume trend may indicate a lack of conviction in the current trend, so be cautious. Always set stop-losses.