Price: 6.36 | EMA7: 6.56 | EMA25: 6.61 | RSI14: 36.79 | Resistance: 7.17 | Support: 6.28 | Average Volume: 14180.45 | Volume Trend: Decreasing
Based on the 1h technical analysis of MLNUSDT:
* The price is below both EMA7 and EMA25, indicating a downtrend.
* RSI14 is below 40, suggesting the asset is oversold and potentially nearing a bounce.
* MACD is negative, confirming the downtrend.
For Long position: consider entry around 6.28 (support level) with a stop-loss below it. Alternatively, wait for a bounce and entry around 6.5-6.6 with a stop-loss below 6.28.
For Short position: consider entry around 7.17 (resistance level) with a stop-loss above it.
Best spot buy price: around 6.28.
Keep in mind that this is a brief analysis and it's essential to monitor the market and adjust your strategy accordingly.