Price: 1.637 | EMA7: 1.66 | EMA25: 1.68 | RSI14: 41.66 | Resistance: 2.011 | Support: 1.51 | Average Volume: 1686027.18 | Volume Trend: Decreasing
Based on the 4H technical analysis of RUNEUSDT:
- The price is currently at 1.637, below both EMA7 (1.657) and EMA25 (1.679), indicating a bearish trend.
- RSI14 is at 41.66, suggesting the asset is nearing oversold territory, potentially setting up for a bounce.
- MACD is negative, reinforcing the bearish sentiment.
**Long Entry Advice:** Consider a long entry if the price breaks above EMA7 (1.657) and then sustains above it, with a potential target of 1.7. A more conservative entry would be above 1.7 with a stop loss below 1.61.
**Short Entry Advice:** For a short entry, consider selling at a break below 1.61, targeting 1.51, with a stop loss above 1.657.
**Spot Buy Price:** A good spot buy price could be around 1.51 (support level), or if there's a bounce, around 1.57-1.59 if it shows strong bullish reversal signs.
Keep in mind, decreasing volume trend may indicate a lack of conviction in the current trend. Monitor volume and other indicators for confirmation before making trades.