Price: 0.683 | EMA7: 0.69 | EMA25: 0.69 | RSI14: 44.65 | Resistance: 0.723 | Support: 0.666 | Average Volume: 53774.9 | Volume Trend: Decreasing
For MEUSDT on the 1h timeframe:
- Current price is 0.683, slightly below both EMA7 and EMA25, indicating a potential bearish trend.
- RSI14 is at 44.654812129109, suggesting the asset is nearing oversold territory but not yet there.
- MACD is positive but very small, indicating a weak bullish signal.
- Resistance is at 0.723 and support at 0.666.
**Advice:**
- **Long Entry:** Consider buying around 0.666 (support level) if it reaches there, with a stop loss below it.
- **Short Entry:** Consider shorting around 0.723 (resistance level) if it reaches there and shows signs of rejection, with a stop loss above it.
- **Best Spot Buy Price:** Around 0.666, as it's a strong support level.
Keep in mind that technical analysis is not foolproof, and fundamental analysis and risk management should also be considered. Decreasing volume could indicate a lack of conviction in the current trend.