Price: 0.0606 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 48.02 | Resistance: 0.0803 | Support: 0.0488 | Average Volume: 4816438.98 | Volume Trend: Decreasing
Based on the 4h chart of MOVEUSDT:
- The price of 0.0606 is above the EMA25 (0.061157225276854), indicating a potential uptrend.
- The EMA7 (0.060368887300822) is below the price, showing short-term weakness.
- RSI14 of 48 is neutral, neither overbought nor oversold.
- The MACD is negative (-0.00023775773356158), indicating bearish momentum.
- The Resistance at 0.0803 is far away, suggesting there's room for growth.
- The Support at 0.0488 is below the current price, a potential area for retest.
- The decreasing Volume Trend suggests a lack of conviction among investors.
Recommendation:
- As a Long position, consider entering at 0.058-0.059 levels (just above the EMA25), with a target of reaching 0.068-0.070.
- As a Short position, consider entering at 0.062-0.063 levels (just above the Resistance level), with a target of reaching 0.056-0.054.
- For Spot Buy, wait for a bullish crossover (EMA7 above EMA25 and a rising MACD) and a price close to the Support level. A buy spot could be around 0.045-0.046.