Price: 1.6742 | EMA7: 1.69 | EMA25: 1.59 | RSI14: 55.96 | Resistance: 1.8999 | Support: 0.6948 | Average Volume: 7174657.08 | Volume Trend: Decreasing
Based on the provided 4-hour chart analysis for VIRTUALUSDT:
**Observation**: The price (1.6742) is below both the EMA7 and EMA25, indicating a bearish trend. The RSI14 is around 56, showing an overbought condition but not extremely high. The MACD is slightly above 0, indicating a weak bulls' momentum.
**Suggestions**:
**Long**:
To go long, wait for the price to test and bounce off the **support** level (0.6948). Entry price can be considered around **0.7080**, 5-10% above the support level.
Alternatively, wait for a **golden cross** (EMA7 > EMA25) for a stronger buy signal.
**Short**:
Wait for the price to reach a local high or **resistance** level (1.8999) and then look for a short opportunity. Entry price can be considered around **1.8650**, 5-10% below the resistance level.
**Spot Buy**:
Since the Volume Trend is decreasing, it might be a good idea to wait for an accumulation of volume to confirm a buying opportunity. A safer spot buy price would be around **1.6450**, 2-3% below the current price, and observe a potential bottoming pattern.
**Note**: These suggestions are based on the analyzed indicators and should not be considered as investment advice. It is essential to consider multiple perspectives and do your own research before making any trading decisions.