Price: 1.0888 | EMA7: 1.09 | EMA25: 1.09 | RSI14: 48.85 | Resistance: 1.1099 | Support: 1.0827 | Average Volume: 8724.69 | Volume Trend: Decreasing
Based on the provided 15m technical analysis of AEURUSDT, here's a brief assessment:
- The short-term EMA7 is below the EMA25, indicating a downtrend in the medium term.
- The RSI14 (48.85) is at a neutral level, suggesting neither overbought nor oversold conditions.
- The MACD is slightly negative (-0.0013), suggesting a weak sell trend.
- With decreasing volume trend and a volume average of 8724, the momentum is weak.
Advice: The current downtrend suggests selling long positions. It might be beneficial to consider a short position, but for this scenario, I would suggest waiting for a price reversal confirmation. As the price is near 1.0888, a reversal might occur near the support level at 1.0827.
Long/Short Entry Prices:
- Short entry: Wait for a confirmation (price reversal) near the support level (1.0827)
- Reconsider the current short position if the price drops and re-test the support.
Spot Buy Price:
- Consider buying when the price breaks above the resistance level (1.1099) and the volume trend reverses to an increasing trend.