Price: 1.226 | EMA7: 1.22 | EMA25: 1.16 | RSI14: 65.53 | Resistance: 1.301 | Support: 1.041 | Average Volume: 82818 | Volume Trend: Decreasing
Based on the 4-hour technical analysis of RLCUSDT, we can identify the following key prices:
1. Price at the moment (June 10th): 1.226 USDT
2. EMA7: 1.2194971847838 USDT
3. EMA25: 1.1645000982542 USDT
4. RSI14: 65.534092124355
5. MACD: 0.032274808582237
6. Resistance: 1.301 USDT
7. Support: 1.041 USDT
The current trading pair shows decreasing volume trend (Average Volume: 82818.001, Volume Trend: Decreasing). Since the volume is decreasing, it suggests that we have entered in a weak trend. You may consider using a longer-term view or pivot points for better decision-making. If deciding to take a position in RLCUSDT, my advice would be:
1. Long entry: Wait for a retracement below the support level (1.041 USDT) after the decreasing volume trend has slowed down or inverted (consider using a volume profile tool for this evaluation).
2. Short entry: Wait for a crossover of the MACD line below the signal line, which would indicate a bearish signal, and the price has to sustain below the support level (1.041 USDT) while also observing the decreasing volume trend.
It's important to note that the current trend is weak, and further confirmation of your entry strategy is recommended to improve your potential profits and reduce risk. As a general rule, the spot buy or sell price recommendations depend heavily on individual preferences and risk tolerance, but I would recommend considering buying when the RLCUSDT touches the support area (1.041 USDT) and buying or shorting closer to the MA200 (1.205 USDT).