Price: 0.1283 | EMA7: 0.13 | EMA25: 0.13 | RSI14: 47.12 | Resistance: 0.1408 | Support: 0.1113 | Average Volume: 527914.18 | Volume Trend: Increasing
Based on the 4h chart, here's my analysis:
The price is currently trading below the EMA25, indicating a bearish trend. However, the RSI14 is around 47, which suggests that the price is not oversold yet. The MACD is slightly above the zero line, indicating a neutral signal.
Given the increasing volume trend, I would look for a long entry opportunity. The best long entry price would be around 0.1250, with a stop loss at 0.1190. This would give us a decent risk-reward ratio.
Alternatively, if the price breaks above the EMA25, a long entry could be considered around 0.1305, with a stop loss at 0.1270.
For a short entry, I would wait for the price to reach the resistance level of 0.1408, with a stop loss at 0.1430.
Spot buy price: 0.1250