Price: 0.02417 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 42.24 | Resistance: 0.02864 | Support: 0.02225 | Average Volume: 43918870.08 | Volume Trend: Decreasing
Based on the 4H technical analysis of VETUSDT:
- The current price is 0.02417, below both EMA7 (0.02450) and EMA25 (0.02478), indicating a downtrend.
- RSI14 is at 42.24, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend signal.
**Advice:**
1. **Long Entry:** Consider a long position around the support level of 0.02225, with a stop loss slightly below this level. A conservative entry could be at 0.02300 to balance risk.
2. **Short Entry:** For a short position, consider the resistance level at 0.02864. Alternatively, a short could be considered if the price rallies to EMA7 or EMA25 and fails to break through, indicating a continuation of the downtrend.
3. **Spot Buy:** The best spot buy price would be around the support level of 0.02225, as it represents a potential reversal area. However, waiting for a confirmation signal (like a bullish candle or a divergence on RSI) near this level could improve the risk-reward ratio.
**Disclaimer:** Always manage your risk and consider your overall portfolio before making trades.