Price: 0.497 | EMA7: 0.52 | EMA25: 0.53 | RSI14: 29.09 | Resistance: 0.55 | Support: 0.472 | Average Volume: 1296348.8 | Volume Trend: Decreasing
Based on the given 1h technical analysis of WIFUSDT, the following trends and recommendations can be identified:
1. **EMA indicators:** The EMA7 is moving above the price (0.497) indicating a potential upward trend in the short term. However, the EMA25 is also above the EMA7, indicating a stronger upward trend in the medium term.
2. **RSI indicator:** The RSI14 (29.08951073339) suggests that the asset is oversold and is likely to experience a price bounce.
3. **MACD indicator:** The MACD line is slightly below zero, indicating a bearish momentum but still showing signs of recovery.
4. **Support and Resistance:** The asset has strong support at 0.472 and resistance at 0.55.
Based on this analysis, here are some recommendations:
**Short Selling:**
- Entry Price: Below the 0.472 Support level (Long/Short entry) at 0.465.
- Target 1: The EMA25 level at 0.526.
- Target 2: The Resistance level at 0.55.
**Buying:**
- Entry Price: Above the 0.472 Support level (Buy entry) at 0.48.
- Target 1: The EMA7 level at 0.515.
- Target 2: The Resistance level at 0.55.
However, given the decreasing volume trend, caution should be exercised, and stop-loss levels should be set near the entry price.