Price: 6.24E-6 | EMA7: 0 | EMA25: 0 | RSI14: 33.27 | Resistance: 7.47E-6 | Support: 6.18E-6 | Average Volume: 1242868467637 | Volume Trend: Decreasing
Analyzing PEPEUSDT 4h chart:
- The price is currently below EMAs, indicating a bearish trend.
- RSI14 is 33.27, suggesting a potential oversold condition.
- MACD is below the zero line, confirming the bearish trend.
- Price is near the support level of 6.18E-6, which may hold as a potential long entry.
- Consider a long entry near 6.18E-6 with a stop-loss below 5.96E-6.
- For a long position, a target entry price is near 6.45E-6 to 6.52E-6 to ride the EMA crossover momentum.
- For a medium-term long position, a target entry price is near 6.90E-6 to 7.07E-6 to ride the EMA crossover momentum.
- Spot buy price: 6.18E-6
- For a short entry, wait for the price to break above the resistance of 7.47E-6 or test the resistance with higher highs and higher lows, then enter a short position with a stop-loss above 7.63E-6.
- Note that the decreasing volume could indicate a potentially weak trend, be cautious.
Consider these as general trading ideas and not professional advice.