Price: 0.01844 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 30.42 | Resistance: 0.022 | Support: 0.01785 | Average Volume: 4951573.23 | Volume Trend: Decreasing
Based on the 4-hour chart of WAXPUSDT, here's a brief analysis:
The price is currently at 0.01844, below EMA7 (0.01878) and EMA25 (0.01945), indicating a downtrend. RSI14 is at 30.42, suggesting oversold conditions, which might lead to a bounce. MACD is negative, confirming the downtrend.
For Long entry, consider waiting for a bounce off the support at 0.01785; a good entry price could be around 0.0180-0.0182 after confirmation of a reversal.
For Short entry, a break below 0.01785 could be a good opportunity, or consider shorting on a bounce towards 0.0190-0.0195.
For Spot buy, a good price would be around 0.0178-0.0180, considering the support level and potential for a bounce.
Keep an eye on the volume trend, as a decreasing volume might indicate a potential reversal.
Best Long entry: 0.0180-0.0182 (after reversal confirmation)
Best Short entry: 0.0190-0.0195 (on bounce)
Best Spot buy: 0.0178-0.0180