Price: 0.0506 | EMA7: 0.05 | EMA25: 0.05 | RSI14: 35.62 | Resistance: 0.0537 | Support: 0.0491 | Average Volume: 630187.99 | Volume Trend: Decreasing
Based on the 1h chart of VELODROMEUSDT, the price is currently at 0.0506.
* Long/Short entry advice: I would recommend entering a long position if the price breaks above the EMA25 (0.051409789843336) and reaches 0.0512-0.0515. This would be an entry into an uptrend, and you could aim to sell at resistance levels above 0.0537.
* Spot buy advice: Considering the current price and the decreasing volume trend, I would advise waiting for a potential rebound at the current price or slightly lower, around 0.0502-0.0505, before buying. This could be an opportunity to catch a potential bounce or reversal.