Price: 4.298 | EMA7: 4.46 | EMA25: 4.96 | RSI14: 36.66 | Resistance: 7.719 | Support: 0.961 | Average Volume: 1187129.82 | Volume Trend: Decreasing
Based on the 1-day chart, here's my technical analysis:
**Short-term bias:** Bearish
**Reasoning:**
* Price is below both EMA7 and EMA25, indicating a downtrend.
* RSI14 is oversold, suggesting a potential bounce, but the momentum is weak.
* MACD is bearish, indicating selling pressure.
**Advice:**
* Long entry: 4.15 (near support level) with a stop-loss at 3.95 and a target at 4.5.
* Short entry: 4.4 (near current price) with a stop-loss at 4.6 and a target at 4.0.
* Spot buy: 4.1 (near the lower end of the recent range) with a stop-loss at 3.9 and a target at 4.4.
Keep in mind that the volume trend is decreasing, which may indicate a lack of conviction in the market. Be cautious and consider reducing position sizes.