Price: 0.4376 | EMA7: 0.44 | EMA25: 0.46 | RSI14: 43.83 | Resistance: 0.6499 | Support: 0.2829 | Average Volume: 4891057.88 | Volume Trend: Decreasing
For PUNDIXUSDT on a 4-hour chart:
- The price is currently at 0.4376, below both EMA7 (0.4422) and EMA25 (0.4587), indicating a downtrend.
- RSI14 is at 43.83, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative (-0.0147), reinforcing the downtrend.
- Resistance is at 0.6499, and support is at 0.2829.
**Advice:**
- **Long Entry:** Consider entering long around 0.2829 (support level) if it reaches there, as it could bounce back. However, a more conservative entry could be after a confirmed reversal pattern forms near support.
- **Short Entry:** A potential short entry could be around 0.4422 (EMA7) or 0.4587 (EMA25) if the price bounces to these levels and shows resistance, with a stop loss above 0.6499 (resistance).
- **Spot Buy:** The best spot buy price would be around 0.2829, if the price hits that level and shows signs of reversal.
Keep in mind, these are technical analysis suggestions and not investment advice. Always manage your risk.