Price: 0.026 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 30.41 | Resistance: 0.0354 | Support: 0.0245 | Average Volume: 3615181.3 | Volume Trend: Decreasing
Based on the 4-hour chart of TRUUSDT, here's a brief analysis:
The price is currently at 0.026, below both EMA7 (0.0265) and EMA25 (0.0277), indicating a downtrend. RSI14 is at 30.4, suggesting the asset is oversold, potentially due for a bounce. MACD is negative, reinforcing the downtrend.
**Long Entry:** Consider a long position if the price bounces off the support at 0.0245 and breaks above EMA7 (0.0265). A good entry would be around 0.0255 - 0.026.
**Short Entry:** If the price continues to decline, a short entry could be considered around 0.024, with a stop-loss above 0.026. Alternatively, if the price rallies but fails to break the resistance at 0.0354 or EMA25, a short entry could be around 0.0275 - 0.028.
**Spot Buy:** A good spot buy price would be around 0.0245, near the current support level.
Keep an eye on the volume trend, as a decreasing volume may indicate a potential reversal. However, be cautious as the overall trend is still bearish.