Price: 0.3583 | EMA7: 0.36 | EMA25: 0.37 | RSI14: 36.95 | Resistance: 0.4485 | Support: 0.3548 | Average Volume: 6362225.94 | Volume Trend: Increasing
For NEWTUSDT at 1h:
- Current price is below EMA7 and EMA25, indicating a downtrend.
- RSI14 is below 40, suggesting the asset is approaching oversold territory, which could indicate a potential reversal or consolidation.
- MACD is negative, also indicating a downtrend.
**Long Entry:** Consider a long entry around 0.3548 (support level) with a confirmation of RSI bouncing back from oversold territory (RSI < 30, though currently it's around 37). A more conservative approach is to wait for a clear bullish reversal signal.
**Best Long Entry Price:** Around 0.3548.
**Short Entry:** If the price bounces off the support and fails to break the resistance at 0.4485, or if it continues to be rejected at EMA7 or EMA25, consider shorting. The current downtrend supports this.
**Best Short Entry Price:** Around 0.3617 (EMA7) or higher if price rallies towards EMA25 at 0.3719.
**Best Spot Buy Price:** Around 0.3548, considering it's a support level and the RSI is nearing oversold territory.
Keep an eye on the increasing volume trend, as it might indicate a significant move in the direction of the trend or a reversal if accompanied by other bullish signals.