Price: 0.1445 | EMA7: 0.14 | EMA25: 0.14 | RSI14: 48.3 | Resistance: 0.22 | Support: 0.0956 | Average Volume: 31433481.18 | Volume Trend: Decreasing
Based on the 4h chart of STOUSDT, here's my technical analysis and recommendations:
* The price is currently at 0.1445, which is slightly above the 25-period EMA (0.144429). This supports a bullish trend.
* The RSI (48.3) suggests the price may be oversold, indicating a potential bounce.
* The MACD is bearish, but its momentum seems to be slowing down, which could prevent further declines.
* Resistance is at 0.22, and the price is still far from it. We may see some consolidation or a breakdown before a potential upside move.
* Support is at 0.0956, which is a significant level. If the price breaks below this level, it could lead to a stronger correction.
For Long/Short entry prices:
* I would look for a long entry around 0.1365-0.1400, where the price could find support from the 7-period EMA and the 0.1444-0.1460 zone, which acted as support earlier.
* For a short entry, I would look for a break below 0.1350, which would confirm a reversal and potentially target the 0.0956 support.
For a spot buy price:
* Given the decreasing volume trend, I would be cautious about buying at the current price (0.1445). Instead, consider buying around 0.1365-0.1400, where the price could be relatively undervalued and has a higher chance of bount returns.
Remember, these are just technical analysis recommendations and should be combined with fundamental analysis and your own risk management strategy before making any trading decisions.