Price: 0.228 | EMA7: 0.24 | EMA25: 0.25 | RSI14: 34.55 | Resistance: 0.478 | Support: 0.2 | Average Volume: 210994926.42 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of WLFIUSDT:
- The current price is 0.228, below both EMA7 (0.2411) and EMA25 (0.246), indicating a downtrend.
- RSI14 is at 34.55, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
**Long Entry:** Consider a long position around 0.22-0.23 if the price consolidates and shows signs of reversal, with a stop loss below 0.2 (support level).
**Short Entry:** For a short position, consider around 0.235-0.24, with a stop loss slightly above EMA25 (0.246).
**Spot Buy:** A reasonable spot buy price could be around 0.22, given it's nearing the support level and RSI indicates oversold conditions. However, wait for confirmation of a reversal.
Keep an eye on volume; a decreasing volume trend during a downtrend can indicate a potential reversal if volume starts to pick up on upward movements.