Price: 0.1604 | EMA7: 0.16 | EMA25: 0.16 | RSI14: 38.16 | Resistance: 0.1719 | Support: 0.159 | Average Volume: 1529222.46 | Volume Trend: Decreasing
Based on the 1h technical analysis of ONGUSDT:
**Short-term bias: Neutral**
* EMA7 is slightly above the current price, indicating a short-term bearish bias.
* RSI14 is at 38.15, which is near the oversold zone, suggesting a possible rebound.
* MACD is negative, but close to the zero line, indicating a potential turnaround.
**Entry prices:**
* Long: 0.1615 (just above the EMA7) with a stop-loss at 0.1595.
* Short: 0.1585 (just below the support) with a stop-loss at 0.161.
**Spot buy price:**
* 0.1595, near the support level, with a stop-loss at 0.1575.
**Note:**
* The decreasing volume trend suggests a lack of conviction in the current price movement. Be cautious and monitor the volume activity.
* Keep an eye on the resistance level at 0.1719, as a break above it could signal a trend reversal.