Price: 0.0433 | EMA7: 0.04 | EMA25: 0.05 | RSI14: 25.86 | Resistance: 0.0487 | Support: 0.0428 | Average Volume: 441929.97 | Volume Trend: Increasing
Based on the 1h chart analysis of MBOXUSDT:
* The price is at a critical juncture, below both EMA7 and EMA25, indicating a downtrend.
* The RSI14 at 25.86 is below 30, suggesting the price is oversold.
* The MACD is negative, reinforcing the downtrend.
* Resistance at 0.0487 seems far, and support at 0.0428 is strong.
Recommendations:
- **Long/Short Entry**: Consider going **Long** with a price target slightly above the EMA25 at 0.045658889244079. Set a stop-loss around the Support level of 0.0428. However, be cautious as the overall trend is bearish.
- **Spot Buy**: Not recommended, as the price is near the Support level of 0.0428, suggesting potential bounce but also risks of further price drops.
Keep an eye on volume and RSI14 to avoid entering a potential false reversal.