Price: 3.2971 | EMA7: 3.31 | EMA25: 3.31 | RSI14: 45.55 | Resistance: 3.5294 | Support: 3.2106 | Average Volume: 1478849.09 | Volume Trend: Decreasing
Based on the 1-hour chart analysis:
* The price is trading below the EMA7 and EMA25, indicating a bearish trend.
* RSI14 is at 45.55, which is neutral, but leaning towards oversold territory.
* MACD is bearish, supporting the downtrend.
* Resistance is at 3.5294, and support is at 3.2106.
Recommended strategy:
* Short entry: 3.2900 (near the current price) with a stop-loss at 3.3200 and a take-profit at 3.2100.
* Long entry: 3.2300 (near the support level) with a stop-loss at 3.2000 and a take-profit at 3.3100.
Spot buy price: 3.2300 (near the support level, with a stop-loss at 3.2000).
Please note that this is a brief analysis and not a comprehensive trading plan. It's essential to consider other technical and fundamental factors, as well as risk management, before making any trading decisions.