Price: 1.6641 | EMA7: 1.66 | EMA25: 1.69 | RSI14: 44.8 | Resistance: 1.8999 | Support: 1.207 | Average Volume: 2602420.75 | Volume Trend: Decreasing
Based on the given technical analysis of VIRTUALUSDT at 1h:
- The price is currently at 1.6641, slightly above EMA7 (1.6581), indicating a potential bullish trend in the short term but still below EMA25 (1.6887), suggesting a bearish trend in the medium term.
- RSI14 is at 44.7983, indicating the asset is nearing oversold territory but not yet there.
- MACD is negative at -0.0196, suggesting a bearish momentum.
**Advice:**
1. **Long Entry:** A good long entry could be considered if the price moves above EMA25 (1.6887) with a significant increase in volume, targeting a break towards the resistance at 1.8999. A more conservative entry could be at 1.6887 with a stop-loss below 1.6581.
2. **Short Entry:** For a short position, if the price drops below EMA7 (1.6581) with increasing volume, it could signal a continuation of the bearish trend. A short entry could be considered below 1.6581 with a stop-loss above 1.6887.
3. **Spot Buy:** A good spot buy price could be around 1.6581 or slightly below if it shows strong support, or waiting for a clear break above 1.6887 to confirm a stronger bullish trend. However, a more conservative approach would be to wait for a pullback towards a stronger support level or a clear bullish reversal signal.
**Disclaimer:** Trading cryptocurrencies involves significant risk. Always do your own research, and consider your risk tolerance before making any trading decisions.