Price: 0.01327 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 42.85 | Resistance: 0.01396 | Support: 0.01304 | Average Volume: 4350703.12 | Volume Trend: Decreasing
Based on the 1-hour chart, here's my technical analysis:
The bearish trend is weakening, with the RSI (42.85) suggesting a potential reversal. EMA7 and EMA25 are close, indicating a possible crossover. MACD is bearish but converging.
**Long Entry:** 0.01335 (break above EMA25) with a stop-loss at 0.01315.
**Short Entry:** 0.01304 (retest of support) with a stop-loss at 0.01324.
**Spot Buy:** 0.01335 (break above EMA25) for a potential bounce towards 0.01396 (resistance).
**Notes:**
* Decreasing volume trend suggests a lack of conviction in the current bearish move.
* Be cautious of potential whipsaws around support and resistance levels.
* Monitor the MACD and RSI for further signs of a trend reversal.