Price: 0.06026 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 36.04 | Resistance: 0.06739 | Support: 0.05678 | Average Volume: 3689014.01 | Volume Trend: Decreasing
Based on the 1h chart analysis of PLUMEUSDT:
1. The price is trading below the EMA25, indicating a bearish trend.
2. EMA7 is also above the price, but the EMA25 is not offering resistance, which suggests a possible correction.
3. The RSI14 is at 36, indicating the market is oversold.
4. MACD is negative, but the histogram is decreasing, which suggests a potential bullish reversal.
5. Volume is decreasing, which could be a sign of a false breakout or a trend reversal.
Recommendations:
- Long entry: Wait for a price bounce from the current level (around 0.06026) and buy near the EMA7 (0.062189522728335) to ride the potential correction trend.
- Short entry: If the price breaks below the support level of 0.05678, consider selling the asset.
- Spot buy: If you're bullish, a spot buy at the current price (0.06026) might not be ideal, but if it consolidates near the EMA7, consider buying at 0.0621-0.0624 range.
- A more favorable buy spot might be around 0.061-0.0615 range. However, be cautious of the bearish trend and decreasing volume.