Price: 0.1298 | EMA7: 0.13 | EMA25: 0.13 | RSI14: 40.58 | Resistance: 0.138 | Support: 0.1172 | Average Volume: 268394.11 | Volume Trend: Decreasing
Based on the 1-hour chart of NEWTUSDT, here's a brief analysis:
- The price at 0.1298 is below the EMA7 and EMA25 lines, indicating a bearish trend.
- The RSI14 is at 40.578, in the neutral range (30-70), but trending slightly upwards.
- The MACD is negative (-0.000558), indicating a bearish momentum.
- The Volume Trend is decreasing, which often contradicts the price movement (up when price goes up, down when price goes down).
- The price is approaching the resistance area of 0.138, but the current momentum is not strong enough to break through.
Advice:
- For a Long position: Wait for a bullish crossover between EMA7 and EMA25, and a bounce back to the 0.130 mark as the best entry price.
- For a Short position: Wait for a strong close below 0.128, with volume increase as the best entry price.
- For a Spot buy: Wait for a break above the resistance at 0.138, with a solid close above.