Price: 0.02562 | EMA7: 0.03 | EMA25: 0.02 | RSI14: 73.65 | Resistance: 0.032 | Support: 0.02156 | Average Volume: 6235243.66 | Volume Trend: Decreasing
Based on the 4h chart, here's my technical analysis:**
* WAXPUSDT is in a bullish trend, with EMA7 > EMA25 crossover, indicating a buy signal.
* RSI14 is overbought region (above 70), but not yet in extreme overbought territory. This suggests that the upside momentum might still have some room to run.
* MACD is above zero, supporting the bullish bias.
* Resistance level at 0.032 could be a possible target for longs.
* Support level at 0.02156 provides a decent risk-reward ratio.
**Entry Prices:**
* **Long Entry:** 0.02570 (a slight pullback to the EMA7 could provide a better risk-reward ratio)
* **Short Entry:** 0.032 (if the resistance level is rejected)
**Spot Buy:**
* **Best Spot Buy Price:** 0.02580 (just above the current price, with a stop-loss at 0.02450)
Remember to adjust your position size according to your risk tolerance and trading strategy. Additionally, keep an eye on the decreasing volume trend, which could indicate a lack of conviction in the current uptrend.