Price: 0.161 | EMA7: 0.16 | EMA25: 0.17 | RSI14: 36.52 | Resistance: 0.2321 | Support: 0.1588 | Average Volume: 2231087.03 | Volume Trend: Decreasing
Based on the 4h technical analysis of ONGUSDT:
- Price is below EMA7 and EMA25, indicating a bearish trend.
- RSI14 (36.51) is close to oversold, suggesting a potential reversal.
- MACD is negative, confirming the bearish trend.
Best Long entry: Wait for a bounce off the support level (0.1588) with a target of 0.163-0.165.
Best Short entry: If the price breaks below the support level (0.1588), with a target of 0.155.
Best Spot Buy: Around 0.159-0.160, with a stop loss below 0.158.