Price: 0.1181 | EMA7: 0.12 | EMA25: 0.12 | RSI14: 42.47 | Resistance: 0.1419 | Support: 0.1064 | Average Volume: 6588144.23 | Volume Trend: Decreasing
Based on the provided 4-hour technical analysis of PYTHUSDT, here are some observations:
1. The price at 0.1181 is above EMA7 but below EMA25, indicating a potential bearish trend.
2. RSI14 at 42.47 is below the neutral zone of 50-60, indicating a buying opportunity.
3. MACD is negative, indicating a bearish trend.
4. Volume is decreasing, indicating a lack of momentum.
Advice:
- Long/Short entry: Considering the bearish trend, I would recommend a short position. The best long/short entry price could be around 0.115-0.1155, where the price might bounce off support.
- Best spot buy price: It's not recommended to buy at the current price level due to the bearish trend. However, if you want to buy, a potential spot buy price could be around 0.102-0.105, near the support level of 0.1064.