Price: 0.14 | EMA7: 0.14 | EMA25: 0.14 | RSI14: 26.77 | Resistance: 0.1471 | Support: 0.14 | Average Volume: 117985.81 | Volume Trend: Decreasing
Based on the 1h REQUSDT chart:
* The RSI14 is oversold at 26.77, indicating a potential bounce.
* The MACD is bearish, but the histogram is contracting, suggesting a possible reversal.
* The EMA7 and EMA25 are bearish, but the gap is narrowing.
* Resistance is at 0.1471, and support is at 0.14.
Recommended trades:
* Long entry: 0.1415 (wait for a bullish candle to form above the EMA7)
* Short entry: 0.1455 (wait for a bearish candle to form below the EMA25)
* Spot buy: 0.141 (if the current candle closes above the EMA7)
Keep in mind that the decreasing volume trend is a concern, and it's essential to monitor volume activity closely. Set stop-losses and take-profits accordingly.