Price: 0.1661 | EMA7: 0.16 | EMA25: 0.16 | RSI14: 67.35 | Resistance: 0.1802 | Support: 0.1364 | Average Volume: 4733944.3 | Volume Trend: Decreasing
Based on the 1h chart of MAGICUSDT:
1. **Bullish or Bearish**: The RSI above 50 indicates a bullish bias, but the decreasing volume suggests a potential reversal. MACD is slightly positive.
2. **Long/Short Entry**: A Long entry could be considered when the price breaks the EMA25 (0.15685856628693) from below, targeting the support level of 0.1364. A Short entry could be considered when the price fails to break above the EMA7 (0.16257542584955) and instead falls below EMA25.
- Long/Short entry prices:
- Long: around the current price ($0.1661) or $0.16 if EMA25 breaks down and price falls.
- Short: when price reaches at least $0.16, below EMA7, considering EMA25 as resistance.
- For confirmation of Long/Short, price breaks should be above/below resistance/support lines, and accompanied by increase/decrease in volume.
3. **Spot Buy**: Based on the chart, the best spot buy price would be at the intersection of the moving averages, around $0.157 (lower bound). However, considering the overall trend, I would advise not to buy at the current price due to potential overvaluation.