Price: 0.1933 | EMA7: 0.19 | EMA25: 0.19 | RSI14: 66.55 | Resistance: 0.1954 | Support: 0.1615 | Average Volume: 98910.6 | Volume Trend: Decreasing
For POWRUSDT on the 1-hour chart:
- The price is slightly above EMA7 (0.1926), indicating a short-term bullish trend.
- EMA7 is above EMA25 (0.1877), supporting the bullish sentiment in the mid-term.
- RSI14 is at 66.55, nearing overbought territory but not yet there, indicating some upward momentum.
- MACD is positive (0.00386), supporting the bullish signal.
**Resistance:** 0.1954
**Support:** 0.1615
**Advice:**
- **Long Entry:** Consider going long near 0.1920 (slightly below EMA7) with a stop-loss below 0.1877 (EMA25). Alternatively, wait for a breakout above 0.1954 for a stronger long signal.
- **Short Entry:** Consider shorting if the price fails to break above 0.1954 and shows signs of reversal, or if it drops below EMA7 (0.1926) with a strong bearish candle. Confirm with a drop below EMA25 (0.1877).
- **Spot Buy:** A good spot buy price could be around 0.1850, near the next support level or slightly above EMA25, if the price pulls back.
**Disclaimer:** Always manage your risk, and consider multiple analyses before making trading decisions.