Price: 108560.8 | EMA7: 108930.27 | EMA25: 110009.18 | RSI14: 36.23 | Resistance: 119289.27 | Support: 107568 | Average Volume: 11.26 | Volume Trend: Decreasing
Based on the 4h chart, WBTCUSDT is currently in a bearish trend. The price is below both EMA7 and EMA25, and the RSI14 is oversold, indicating a potential bounce. However, the MACD is still in negative territory, suggesting that the bears are in control.
Best Long entry price: 107568 (Support level) with a stop-loss at 106000.
Best Short entry price: 110000 (EMA25 level) with a target at 107568 and a stop-loss at 111500.
Spot buy price: 108000, considering the oversold RSI and the proximity to the support level. However, be cautious of the decreasing volume trend and the overall bearish sentiment.