Price: 0.2686 | EMA7: 0.27 | EMA25: 0.28 | RSI14: 39.59 | Resistance: 0.3002 | Support: 0.2489 | Average Volume: 357264.91 | Volume Trend: Decreasing
Based on the 4H chart of PUNDIXUSDT, here's a brief analysis:
* Trend: Bearish, as EMA7 is below EMA25, and MACD is negative.
* Oversold condition: RSI14 is around 39.59, nearing oversold territory.
Recommendations:
* Long entry: Consider buying around 0.2489 (support level) or waiting for a bounce from this level.
* Best spot buy price: 0.2489
* Short entry: Consider shorting around 0.2800-0.2850 if the price bounces from current levels or resistance is tested.
* Best short entry price: 0.2800 (if the price fails to break EMA7/EMA25 resistance)
Keep an eye on the decreasing volume trend, as a potential reversal may be accompanied by increasing volume.