Price: 0.1334 | EMA7: 0.13 | EMA25: 0.14 | RSI14: 29.01 | Resistance: 0.1434 | Support: 0.1324 | Average Volume: 242990.41 | Volume Trend: Decreasing
Based on the 15m ADXUSDT analysis:
- RSI14 is at 29, indicating the asset is oversold, suggesting a potential reversal.
- Price is below EMA7 and EMA25, indicating a downtrend.
- MACD is negative, supporting the downtrend.
For Long position, consider entry around 0.1324 (support level) with a stop loss below it.
For Short position, consider entry around 0.1371 (EMA25) or upon a break above 0.1340 (EMA7) with a stop loss above 0.1434 (resistance).
Best spot buy price could be around 0.1280 (next support level, not present in the given data but a reasonable estimate based on the current trend) or upon confirmation of reversal, for example, RSI moving out of oversold territory.
Keep an eye on volume; a decreasing volume trend during a downtrend can indicate a potential reversal.