Price: 2.679 | EMA7: 2.66 | EMA25: 2.7 | RSI14: 47.34 | Resistance: 3.29 | Support: 2.499 | Average Volume: 163187.47 | Volume Trend: Decreasing
Based on the 1-hour chart, ORCAUSDT is currently in a downtrend. Here's my analysis and recommendation:
* The short-term EMA7 is below the longer-term EMA25, indicating a bearish trend.
* The RSI14 is in a neutral zone, not overbought or oversold, which suggests that the price may not be strong enough to continue rising.
* The MACD indicator is bearish, indicating a potential downward trend.
Given these indicators, I would recommend a Long/Short entry at:
* Long: 2.644 (just below the EMA7) to catch a potential bounce.
* Short: 2.60 (below the support level) for a bearish continuation.
As for the spot buy price, I would wait for a stronger signal before making a purchase. However, if you still want to buy, consider it at:
* 2.650 (just above the EMA7) for a lower-risk entry.
Keep in mind that these are general recommendations and not specific advice. It's essential to monitor the chart for any changes in the trend or momentum before making any trading decisions.