Price: 0.2504 | EMA7: 0.25 | EMA25: 0.25 | RSI14: 49.27 | Resistance: 0.2672 | Support: 0.2314 | Average Volume: 1313022.6 | Volume Trend: Decreasing
Based on the provided technical analysis of ZRXUSDT on the 4h chart, here are some observations and recommendations:
- The RSI14 is at 49, indicating a neutral market condition.
- The EMA7 is above EMA25, suggesting a bullish trend.
- The MACD is near zero, indicating no significant momentum.
For a Long strategy:
Advantageous entry price: 0.247 (near the support level of 0.2314)
Risk-reward ratio: 1:2 (targeting the next resistance at 0.2672)
For a Short strategy:
Advantageous entry price: 0.254 (near the EMA25)
Risk-reward ratio: 1:2 (targeting the next support at 0.2314)
Note that a spot buy at the current price (0.2504) might not be ideal due to the decreasing volume trend and a bearish volume trend momentum might not be favorable right now. However, if a spot buy is considered, a reasonable entry price might be around 0.248-0.249, targeting the same resistance and support levels.