Price: 0.2908 | EMA7: 0.29 | EMA25: 0.3 | RSI14: 38.63 | Resistance: 0.3045 | Support: 0.2742 | Average Volume: 251372.29 | Volume Trend: Decreasing
Based on the 1h chart, here's my technical analysis:**
The short-term trend is bearish, with the EMA7 and EMA25 both sloping downward. The RSI14 is also indicating that the asset is not yet oversold. The MACD is bearish as well, with a negative value.
**Long Entry:** Wait for a breakout above the resistance at 0.3045. Ideal entry price: 0.3050.
**Short Entry:** Consider shorting at the current price, 0.2908, with a stop-loss at 0.2950 (around the EMA25). Ideal entry price: 0.2890.
**Spot Buy:** If you're looking to buy at the current price, 0.2908, with a stop-loss at 0.2850.
Please note that these are high-risk trades, and I recommend using proper risk management and stop-losses to minimize losses.