Price: 1.648 | EMA7: 1.65 | EMA25: 1.66 | RSI14: 46.7 | Resistance: 1.988 | Support: 1.611 | Average Volume: 107306.67 | Volume Trend: Decreasing
Based on the 4h chart of PSGUSDT, here's my analysis and recommendation:
**Position: Neutral/Bullish**
The price is hovering around the EMA25, which could provide some support. The RSI is oversold, indicating a potential buying opportunity. The MACD is bearish, but its signal line is close to the zero line, indicating a potential reversal.
**Best Long/Short Entry Prices:**
* Long: 1.630 (support level and a potential bounce zone)
* Short: 1.650 (resistance level and a potential reversal zone)
**Best Spot Buy Price:**
* 1.620 (just below the support level and a potential reversal zone)
Keep an eye on the volume trend, as a sudden increase in volume could indicate a breakout or reversal. Monitor the price action and adjust your strategy accordingly.