Price: 0.02719 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 49.08 | Resistance: 0.03442 | Support: 0.02472 | Average Volume: 27648955.56 | Volume Trend: Decreasing
Based on the 4-hour chart, here's my analysis:
The RSI is near the midpoint, indicating a neutral momentum. The MACD is bearish, suggesting a potential downtrend. The EMAs are close, with the 7-period EMA below the 25-period EMA, which further supports the bearish bias.
Given the Resistance at 0.03442 and Support at 0.02472, I'd recommend:
* Short Entry: 0.02850 (just below the recent high) with a Stop Loss at 0.02950
* Long Entry: 0.02550 (just above the Support) with a Stop Loss at 0.02450
* Spot Buy Price: 0.02500 (near the Support level)
Keep in mind that the decreasing Volume Trend may indicate a lack of buying pressure, which could lead to a further decline in price. Be cautious and monitor the volume and momentum indicators for potential changes in the trend.