Price: 0.897 | EMA7: 0.9 | EMA25: 0.91 | RSI14: 42.47 | Resistance: 0.965 | Support: 0.887 | Average Volume: 979111.65 | Volume Trend: Decreasing
Analysis:
Based on the 1h chart for WLDUSDT, the trend appears to be bearish.
Key observations:
- Price is below both EMA7 and EMA25, indicating that the bearish trend is sustained.
- RSI14 is below 50, suggesting that the price is in a bearish phase.
- MACD is slightly negative, indicating a weak bearish momentum.
- Volume is decreasing, which may indicate a lack of buying pressure.
Recommendations:
- **Long/Short Entry:** Considering the bearish sentiment, a short entry at $0.90 (slightly above the current price of $0.897) may be a viable option, with a stop-loss at $0.92.
- This would allow you to capture the potential downtrend while minimizing potential losses.
- **Spot Buy:** As the current price is $0.897, and support level is $0.887, I would consider buying at $0.889 (around support level) when there is a strong bullish divergence or a buying volume spike.
**Caution:** These are just suggestions based on technical analysis, and you should consider your own risk tolerance, trading goals, and overall market conditions before making any trades.