Price: 1.4522 | EMA7: 1.48 | EMA25: 1.5 | RSI14: 41.37 | Resistance: 2.0146 | Support: 1.2608 | Average Volume: 3886564.23 | Volume Trend: Decreasing
Based on the 4-hour technical analysis of VIRTUALUSDT, here's my assessment:
** Bearish trend **
* The short-term EMA7 is below the long-term EMA25, indicating a bearish trend.
* RSI14 is below 50, suggesting bearish momentum.
* MACD is negative, supporting the bearish view.
**Recommendations:**
* **Short entry:** 1.4350 (just below the current price) with a stop-loss at 1.4650.
* **Long entry:** Avoid long positions until the trend reverses or the price reaches the support level of 1.2608.
* **Spot buy:** Not recommended at this price level. Wait for a potential reversal or a dip to the support level before considering a buy.
Please note that technical analysis is not a guarantee of future price movements, and it's essential to consider other market factors and risk management strategies before making trading decisions.