Price: 1.193 | EMA7: 1.21 | EMA25: 1.21 | RSI14: 48.99 | Resistance: 1.85 | Support: 0.916 | Average Volume: 814232.06 | Volume Trend: Decreasing
Based on the 4h chart of RLCUSDT:
The current price (1.193) is below both EMA7 and EMA25, indicating a bearish trend. RSI14 is approaching oversold territory, which might lead to a short-term bounce. MACD is positive but relatively weak.
Advice:
* Short entry: Wait for a rejection at the resistance level (1.85) or a break below the current price (1.193) with a target around the support level (0.916). Stop-loss above 1.25.
* Long entry: Look for a bounce from the RSI oversold territory (around 30) with a target around the EMA25 (1.206995). Stop-loss below 1.15.
* Spot buy: Consider buying at 1.15, with a target around 1.25, as the RSI is approaching oversold territory.
Please note that this is a short-term analysis and is subject to change based on market conditions.