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📊 Analysis: SKYUSDT (4h)

Price: 0.05535 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 38.68 | Resistance: 0.06223 | Support: 0.0548 | Average Volume: 6287462.88 | Volume Trend: Decreasing

🤖 AI Insight

Based on the 4h chart of SKYUSDT:

- The price is currently below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 38.68, suggesting the asset is approaching oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend.

**Long Entry Advice:** Consider a long entry if the price bounces back from the support level at 0.0548. A potential long entry price could be around 0.0550, with a stop loss below 0.0548.

**Short Entry Advice:** For a short entry, consider selling at a resistance level around 0.06223 or upon a confirmed break below 0.0548, targeting further downside.

**Spot Buy Price:** A good spot buy price would be around 0.0548, as it is a strong support level. However, waiting for a confirmation of a bounce or a bullish reversal signal from this level is advisable.

Keep in mind that technical analysis is not foolproof, and it's essential to manage risk and consider multiple perspectives.