Price: 1.069 | EMA7: 1.04 | EMA25: 1.01 | RSI14: 70.79 | Resistance: 1.095 | Support: 0.915 | Average Volume: 285798.75 | Volume Trend: Decreasing
Based on the 4-hour chart of LAZIOUSDT, here's a technical analysis:
- **Trend:** Bullish, but weakened due to decreasing volume trend and increasing RSI14 above 70, indicating overbought conditions.
- **Key Levels:**
- Resistance: 1.095 (breakout above this level necessary for further price appreciation)
- Support: 1.043 (strong support level)
- **Indicators:**
- EMA7 and EMA25 are trending upwards, but EMA25 is below EMA7, indicating a potential shift in the trend.
- RSI14 is overbought (above 70), which may lead to a price correction.
- MACD is slightly bullish, but the signal line needs to break above the histogram for confirmation.
- **Recommendations:**
- **Long Entry:** Consider long entries when the price approaches the 1.043 support level or above the EMA25 line (1.0073).
- **Short Entry:** Short entries can be considered when the price touches or breaks below 0.915 (strong support), but a stop-loss above 0.915 is necessary.
- **Spot Buy:** A spot buy can be considered when the price reaches 1.03-1.05, as it's a relatively safe entry point with lower risk.