Price: 0.0691 | EMA7: 0.07 | EMA25: 0.08 | RSI14: 33.72 | Resistance: 0.1126 | Support: 0.0684 | Average Volume: 2634657.34 | Volume Trend: Decreasing
Based on the 4-hour chart of SYNUSDT, here's a summary of the technical analysis:
- Price is currently at 0.0691, below the EMA25 of 0.075570709311633, indicating a bearish trend.
- The RSI14 of 33.71539216499 indicates that the coin is oversold, suggesting a potential buy opportunity.
- MACD is slightly positive (-0.0013697494193891), indicating a slight upward momentum.
- The volume trend is decreasing, which may indicate a lack of selling momentum.
- The resistance level is at 0.1126, and the support level is at 0.0684.
Considering the analysis, a potential Long entry could be at the support level of 0.0684 with a target of 0.0756 (near EMA25) and a stop loss at 0.0644. However, please note that this is just a technical analysis and does not guarantee success.
For a spot buy, a price below 0.06 could present a buying opportunity, considering the current oversold condition and the potential for a bounce back. However, this is highly speculative and should be approached with caution.
Best Long entry price: 0.0684
Best spot buy price: Below 0.06