Price: 2737.41 | EMA7: 2713.08 | EMA25: 2719.09 | RSI14: 52.88 | Resistance: 3083.92 | Support: 2554.06 | Average Volume: 142.28 | Volume Trend: Decreasing
Based on the 4h chart of WBETHUSDT:
1. The price is currently above EMA25, indicating a short-term uptrend. However, the price is below EMA7, suggesting a possible loss of momentum.
2. The RSI14 is around 52.88, in the neutral zone, not indicating overbought or oversold conditions.
3. The MACD is negative, indicating a bearish momentum.
4. The volume trend is decreasing, which could lead to less decisive price movements.
Considering these factors, I would advise against a long position.
For a Long/Short entry:
- Long entry: Avoid, as the price action does not provide a strong buy signal.
- Short entry: Consider entering a short position around 2750, as it's above the EMA25 and could potentially retest the recent highs, or around 2690, which could be a test below the EMA7 support, but make sure to adjust the stop-loss accordingly.
For spot buying, wait for a stronger bullish signal, ideally when the price is above EMA7 and EMA25, the RSI14 is above 60, and the MACD crosses above the signal line. If such a scenario emerges, consider spot buying around the resistance level (3083.92), as it could provide a strong entry point.