Price: 0.792 | EMA7: 0.79 | EMA25: 0.79 | RSI14: 48.99 | Resistance: 0.875 | Support: 0.743 | Average Volume: 840842.16 | Volume Trend: Decreasing
Based on the 4h chart, here's my analysis:
The price is trading below the EMA7 and EMA25, indicating a bearish trend. The RSI14 is neutral, and the MACD is bearish. The volume trend is decreasing, which could indicate a lack of conviction from buyers.
Best Long Entry: Wait for a break above the EMA25 (0.7942) and a retest of the broken resistance, around 0.805. This could be a sign of a trend reversal.
Best Short Entry: Look for a break below the support level (0.743) with a stop-loss above the recent high (0.812).
Spot Buy Price: Consider buying around 0.75-0.76, where the price could bounce off the support level.
Remember to set stop-losses and adjust positions based on your risk tolerance and market conditions.