Price: 1.9422 | EMA7: 1.99 | EMA25: 1.94 | RSI14: 51.26 | Resistance: 2.1852 | Support: 1.2703 | Average Volume: 2310034.76 | Volume Trend: Decreasing
Based on the current 1-hour chart of VIRTUALUSDT, here's my analysis:
The price is currently trading below the 25-period EMA, indicating a bearish trend. The RSI is at 51.26, which is not overbought or oversold. The MACD is above the zero line, but the signal line is not giving any strong buy or sell signals.
For a long-short entry, I would consider the following prices:
* Short entry: 1.95 (near the 7-period EMA) with a stop-loss above the resistance level of 2.1852
* Long entry: 1.85 (near the support level of 1.2703) with a stop-loss below the support level
For a spot buy, I would wait for a strong bullish candle or a MACD crossover above the signal line before entering with a stop-loss below the current price of 1.9422. A potential spot buy entry could be around 1.90-1.92, but it's essential to wait for a convincing bullish signal before entering the trade.
Note: The analysis is based solely on technical indicators and does not take into account any fundamental or market news factors. It is essential to use the information provided and make your own trading decisions.