Price: 0.0715 | EMA7: 0.07 | EMA25: 0.08 | RSI14: 34.7 | Resistance: 0.083 | Support: 0.0657 | Average Volume: 1436970.99 | Volume Trend: Decreasing
Based on the 4h technical analysis of LRCUSDT, here are my observations and recommendations:
* The price is trading below the EMA7 and EMA25, indicating a bearish trend.
* The RSI14 is at 34.7, which is relatively low, suggesting the price may have reached oversold territory.
* The MACD is bearish, but the gap between the MACD lines is narrowing, indicating a potential reversal.
* The resistance level is at 0.083, which is a significant level that may attract buyers.
* The support level is at 0.0657, which could provide support if the price drops further.
For a Long/Short entry:
* Look for a potential buy signal at the resistance level of 0.083, with a target entry price between 0.081 and 0.082.
* Alternatively, consider a short entry at the current price of 0.0715, with a target short price between 0.068 and 0.067.
For a spot buy:
* Wait for a bullish break above the resistance level of 0.083 for a spot buy entry. This could be a good opportunity to buy the dip.
* Target a potential price action resistance level around 0.09 to 0.095.
* Be cautious of the volume trend, as a decrease in volume may lead to continued price volatility.
Keep in mind that this is just technical analysis, and it's essential to consider other factors such as fundamental analysis, market sentiment, and risk management before making any trading decisions.