Price: 0.03006 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 37.22 | Resistance: 0.03784 | Support: 0.02975 | Average Volume: 7035567.27 | Volume Trend: Decreasing
Based on the 4-hour technical analysis of SOPHUSDT:
* Current price is 0.03006, below both EMA7 (0.03039) and EMA25 (0.03095), indicating a downtrend.
* RSI14 is at 37.22, suggesting the asset is oversold, potentially nearing a reversal.
* MACD is negative, reinforcing the downtrend.
**Advice:**
* **Long Entry:** Consider buying at support level 0.02975 or slightly above if there's a clear reversal signal. A safer entry might be around 0.02975 with a stop loss below.
* **Short Entry:** Consider shorting at resistance 0.03784 or if the price rallies towards EMA7/EMA25 and faces rejection.
* **Best Spot Buy Price:** Around 0.02975, with a stop loss slightly below this level.
Keep an eye on volume; a decreasing volume trend with a price drop might indicate a weakening downtrend, potentially leading to a reversal or consolidation.