Price: 0.2268 | EMA7: 0.23 | EMA25: 0.24 | RSI14: 24.81 | Resistance: 0.2794 | Support: 0.2244 | Average Volume: 644924.43 | Volume Trend: Increasing
Based on the given technical analysis of MIRAUSDT at 1h, here are some observations and recommendations:
1. **Bearish trend:** Despite the increasing volume trend, the indicators suggest a bearish trend. The EMA25 is above EMA7, indicating a bearish crossover.
2. **RSI:** The RSI14 is in the oversold region (value < 30), but not drastically low, which could indicate a minor consolidation or reversal.
3. **MACD:** The MACD is in a negative zone, supporting the bearish trend.
4. **Price action:** The price is in the middle of the support (0.2244) and resistance (0.2335 - using the 7EMa as a proxy for the resistance for simplicity purposes) levels.
Considering these factors, here are some trading recommendations:
**Long/Short entry prices:**
- **Long entry price:** Wait for a significant bullish reversal signal, such as a hammer or inverted hammer, at or above the current resistance of 0.2335. Target the resistance level of 0.2794.
- **Short entry price:** Sell near the current price of 0.2268. Target the support level of 0.2244.
**Best spot buy price:** Wait for a significant bullish signal, such as a divergence or a bearish reversal, which could trigger a strong buying opportunity. As of now, it seems there's minimal opportunity with these conditions and would likely be better to sell due to the bearish momentum.
Please keep in mind that these are technical analysis recommendations, not trading advice. Always perform fundamental analysis and adjust stop-loss and take-profit levels according to your own strategy and risk management.