Price: 0.261 | EMA7: 0.26 | EMA25: 0.25 | RSI14: 70.79 | Resistance: 0.2661 | Support: 0.2406 | Average Volume: 60038512.72 | Volume Trend: Decreasing
Based on the 4-hour TRXUSDT chart:
- The price is currently at 0.261, above both EMA7 (0.2585) and EMA25 (0.2527), indicating a bullish trend.
- RSI14 is at 70.79, which is considered overbought, suggesting a potential pullback.
- MACD is positive, supporting the bullish trend.
- The nearest resistance is at 0.2661, and support is at 0.2406.
**Advice:**
- **Long Entry:** Consider entering long at a pullback around 0.255-0.257 (near EMA7) if the price retraces.
- **Short Entry:** Consider shorting at 0.266 (near resistance) with a stop-loss above 0.268.
- **Spot Buy:** A safer spot buy price could be around 0.240-0.245, if the price drops to the support area, but given the current trend, a smaller pullback to 0.255-0.257 could also be a buying opportunity.
Keep an eye on the decreasing volume, as it might indicate weakening momentum in either direction.