Price: 0.02829 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 22.37 | Resistance: 0.03362 | Support: 0.02813 | Average Volume: 1714145.8 | Volume Trend: Decreasing
Based on the 4h analysis of STRAXUSDT:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 22.37, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, supporting the downtrend.
**Long Entry:** Consider a long position near the support level of 0.02813. A break below this could signal further downside, but the oversold RSI suggests a potential bounce. Best long entry price: around 0.0282-0.0285 (if it bounces back from the current level or slightly lower).
**Short Entry:** For a short position, wait for a rejection at resistance or a break above EMA7/EMA25 followed by a pullback. A short could be considered near 0.0303 (EMA25) or at resistance 0.03362 if it reaches there. Best short entry price: around 0.0303 or upon a confirmed rejection at 0.03362.
**Spot Buy:** Given the oversold condition and proximity to support, a spot buy could be considered around the current price or slightly lower, near 0.02813. Best spot buy price: around 0.0282.
Keep an eye on volume; a significant increase could validate the direction of the breakout or breakdown. Set stop-losses accordingly to manage risk.