Price: 0.119 | EMA7: 0.12 | EMA25: 0.12 | RSI14: 42.77 | Resistance: 0.1317 | Support: 0.1142 | Average Volume: 1241777.36 | Volume Trend: Decreasing
Based on the 1h chart, here's my analysis:
* The price is below EMA25, indicating a bearish trend.
* RSI14 is in the mid-range, not showing any extreme oversold or overbought conditions.
* MACD is negative, supporting the bearish trend.
* Resistance is at 0.7, while Support is at 0.1142.
My advice would be:
* Short entry: 0.1185 (just below EMA7) with a stop loss at 0.122.
* Spot buy: 0.116 (near the Support level) with a stop loss at 0.114.
Keep an eye on the Volume Trend, which is decreasing, which might lead to a potential breakout.