Price: 6.31 | EMA7: 6.55 | EMA25: 6.61 | RSI14: 35.08 | Resistance: 7.17 | Support: 6.28 | Average Volume: 14171.96 | Volume Trend: Decreasing
Based on the 1h technical analysis of MLNUSDT, here's a brief summary:
* The price is currently at 6.31, below both EMA7 (6.55) and EMA25 (6.61), indicating a downtrend.
* RSI14 is at 35.08, nearing oversold territory, which could be a sign of a potential reversal.
* MACD is negative, confirming the downtrend.
For Long/Short positions:
* Long entry: Consider buying around 6.28 (support) or waiting for a clear reversal signal above EMA7 (6.55).
* Short entry: Consider selling around 6.8-7.0, or if the price breaks above 7.17 (resistance), it may be a good short entry.
For spot buying:
* Best buy price: 6.2-6.3, considering the current support and potential reversal.
Keep in mind that this analysis is based on a single timeframe and indicator set. Always trade responsibly and consider multiple sources before making a decision.