Price: 0.9967 | EMA7: 1 | EMA25: 1 | RSI14: 41.81 | Resistance: 0.9996 | Support: 0.995 | Average Volume: 70696.52 | Volume Trend: Decreasing
Based on the 4h chart of TUSDT, I see the following:
- The price is below the EMA25, indicating a bearish trend.
- The RSI14 is below 50, indicating bearish momentum.
- The MACD is negative, supporting the bearish trend.
- The volume trend is decreasing, which may indicate a weak downtrend.
- The price is near the support level of 0.995.
Recommendations:
- For a Long-Short entry, consider a buy at the support level (0.995) and set a stop-loss below this level.
- For a spot buy, consider buying at 0.995 with a possible target of reaching the EMA25 (0.9971) and then re-evaluating the position.
Keep in mind that these are just technical analysis suggestions and may not guarantee a profitable trade. Always use proper risk management and consider multiple factors, including fundamental analysis and market news, before making any trading decisions.