Price: 0.0608 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 26.4 | Resistance: 0.0702 | Support: 0.0602 | Average Volume: 2263099.3 | Volume Trend: Increasing
Based on the 1-hour chart for WUSDT, I've identified some key points:
1. **Trend:** The EMA25 is above the EMA7, indicating a downtrend.
2. **RSI:** At 26.4, the RSI is oversold, suggesting a potential bounce.
3. **MACD:** The MACD is negative, indicating a bearish trend.
4. **Volume:** Increasing volume trend supports the idea of a potential bounce.
**Recommendation:**
* **Long/Short entry:** Consider a short entry at the current price (0.0608). The price has reached the support level, and a bounce is expected.
* **Long/Short entry prices:**
- Short entry price: 0.0625 (just above the EMA7)
- Short stop-loss: 0.0650 (just above the EMA25)
* **Spot buy:** Due to the downtrend and oversold RSI, I would recommend avoiding a spot buy for now.
* **Buy entry price:** If you decide to buy, consider a buy entry at 0.0620 (just above the EMA7) or 0.0610 (just below the EMA7) with a tight stop-loss below 0.0590.