Price: 0.2442 | EMA7: 0.25 | EMA25: 0.25 | RSI14: 39.15 | Resistance: 0.275 | Support: 0.2227 | Average Volume: 1186539.37 | Volume Trend: Decreasing
For MANAUSDT on the 4-hour chart:
- Current price is 0.2442, below both EMA7 (0.2478) and EMA25 (0.2505), indicating a downtrend.
- RSI14 at 39.15 suggests the asset is approaching oversold territory, potentially nearing a reversal point.
- MACD is negative, supporting the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around 0.2227 (support level) if it reaches there, with a stop loss below that level. Alternatively, wait for a bullish reversal signal around the current price or at support.
- **Short Entry:** If the price bounces back to EMA7 or EMA25 (0.2478 or 0.2505), consider shorting with a stop loss above EMA25.
- **Spot Buy:** Best spot buy price would be around 0.2227, considering it's a strong support level. If you want to buy now, consider splitting your buy into two parts: one at the current price and another at the support level.
Keep an eye on volume; a decreasing volume trend with a falling price can sometimes indicate a potential reversal. Monitor for bullish divergence in RSI or MACD for a potential long entry signal.