Price: 1.0119 | EMA7: 0.99 | EMA25: 0.93 | RSI14: 75.35 | Resistance: 1.062 | Support: 0.8285 | Average Volume: 4349362.3 | Volume Trend: Increasing
Based on the 4-hour chart of ONDOUSDT:
- The price is above both EMA7 (0.9878) and EMA25 (0.9287), indicating an uptrend.
- RSI14 is at 75.35, suggesting the asset is overbought, potentially due for a pullback.
- MACD is positive, reinforcing the bullish momentum.
- The price is near resistance at 1.062; a break above could lead to further gains.
**Advice:**
- **Long Entry:** Consider entering long above 1.062 (resistance break) with a target beyond 1.062.
- **Long Entry Alternative:** For a more conservative entry, wait for a pullback towards EMA7 (around 0.9878) or slightly below, if RSI cools down.
- **Short Entry:** Consider shorting if the price fails to break above 1.062 and shows signs of reversal, or if RSI starts to decline from overbought levels, targeting 0.9878 or lower.
- **Spot Buy:** A more conservative spot buy could be around 0.9878 (EMA7), if the price pulls back to this level.
Keep an eye on the volume trend and RSI for signs of reversal or continuation.