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📊 Analysis: MKRUSDT (4h)

Price: 1886.7 | EMA7: 1911.21 | EMA25: 1927.25 | RSI14: 42.81 | Resistance: 2314 | Support: 1633 | Average Volume: 898.55 | Volume Trend: Decreasing

🤖 AI Insight

Based on the information provided, the current price of MKRUSDT is around 1886.7. Here is a short-term forecast for your reference:

4H Analysis:
Price: 1886.7

EMA7: 1911.2082614269
EMA25: 1927.2535999135
RSI14: 42.812425560386
MACD: -3.0716966091272
Resistance: 2314
Support: 1633
Average Volume: 898.551808
Volume Trend: Decreasing

1. Best Long Entry: Wait for the price to confirm a retrace or bounce back up against the current support level at 1633 before entering a long position. Find an ideal entry around 1700, using a stop-loss below the support level.

2. Best Short Entry: Wait for the price to confirm a dip or breakdown below the current resistance level at 2314 before entering a short position. Find an ideal entry around 2170, using a stop-loss above the resistance level.

Important Note: Remember to continuously monitor the trades and adjust stops and targets as per the market's movements.

For best spot buy price:
Given the current decrease in volume and trend, wait for an increase in trading activity and a clear bullish reversal signal, such as an RSI break above 50 or a bullish pattern, before considering buying MKRUSDT. Make sure to also analyze the market's sentiment and wider cryptocurrency trends before making your decision.