Price: 1.2156 | EMA7: 1.23 | EMA25: 1.22 | RSI14: 45.71 | Resistance: 1.2904 | Support: 1.1866 | Average Volume: 638453.08 | Volume Trend: Decreasing
Based on the 1h chart analysis:
* The price is below both EMA7 and EMA25, indicating a bearish trend.
* RSI14 is at 45.7, indicating a neutral zone, but slightly leaning towards oversold.
* MACD is slightly above zero, suggesting a weak bullish momentum.
* Resistance is at 1.2904, and support is at 1.1866.
Recommendations:
* Short entry: around 1.2350, with a stop-loss at 1.2450 and a target at 1.1950.
* Long entry: around 1.1900, with a stop-loss at 1.1800 and a target at 1.2400.
* Spot buy price: 1.2000, considering the decreasing volume trend and the oversold RSI.
Please note that these are short-term trading recommendations and are subject to change based on market dynamics.