Price: 0.1483 | EMA7: 0.15 | EMA25: 0.16 | RSI14: 38.21 | Resistance: 0.229 | Support: 0.1261 | Average Volume: 7466771.3 | Volume Trend: Decreasing
Based on the 4h chart of ONTUSDT, here's my analysis:
- The price (0.1483) is currently above both EMA7 (0.1520) and EMA25 (0.1560), but the price is still dropping. This is a sign of a weakening uptrend.
- RSI14 (38.2) is in the neutral zone, indicating the price is unlikely to make a significant move up or down in the near term.
- The MACD is negative (-0.0027), suggesting a bearish trend.
- Volume Trend is decreasing, indicating a lack of market participation.
- Considering these factors, we may be at a local top and heading towards a short-term correction.
For a Long position, I would advise against entering now. However, if you still want to take a long position, consider buying at the 5-EMA, currently at 0.149, or at a stronger bounce off the Support (0.1261). These options carry higher risks but might offer better entry points.
For a Short position, consider selling at the current price (0.1483) or at the next 5-EMA resistance, around 0.150.
For a Spot Buy, I would not recommend buying at the current price due to the negative MACD and decreasing Volume Trend. Wait for a stronger signal or a clear rebound off the Support level (0.1261) before considering a buy.