Price: 0.098 | EMA7: 0.1 | EMA25: 0.09 | RSI14: 78.11 | Resistance: 0.0995 | Support: 0.0734 | Average Volume: 2764214.52 | Volume Trend: Decreasing
Based on the 1h chart of WUSDT, here are some observations and recommendations:
1. The price is approaching the resistance level of 0.0995, which could be a good selling opportunity.
2. The EMA25 is trending downwards, indicating a bearish momentum.
3. The RSI14 is in an overbought zone (above 70), suggesting a potential pullback.
4. The MACD is positive but slowly declining, indicating a weakening bullish momentum.
Recommendations:
* Long/Short Entry Price: Consider shorting WUSDT around 0.0985 to 0.0992, based on the resistance level and potential reversal.
* Spot Buy Price: Avoid buying WUSDT at current levels, as the RSI14 is overbought and the price may experience a pullback. Wait for a dip around 0.0935 to 0.095, based on the EMA25 and support level.
Please keep in mind that these are technical analysis recommendations and do not guarantee future price movements. It's essential to monitor the chart and adjust your strategy accordingly.