Price: 1.939 | EMA7: 1.99 | EMA25: 2 | RSI14: 36.79 | Resistance: 2.093 | Support: 1.88 | Average Volume: 103195.06 | Volume Trend: Increasing
Based on the 1h technical analysis of MORPHOUSDT:
- The price is currently at 1.939, below both EMA7 (1.986) and EMA25 (2.004), indicating a bearish trend.
- RSI14 is at 36.79, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the bearish sentiment.
- Resistance is at 2.093, and support is at 1.88.
**Advice:**
- **Long Entry:** Consider a long position around the support level of 1.88 if it reaches there, with a stop loss below that level.
- **Best Spot Buy Price:** 1.88.
- **Short Entry:** If the price bounces back to the resistance level of 2.093, consider a short position with a stop loss above this resistance.
Monitor the volume trend and other market conditions for confirmation.