Price: 7.14 | EMA7: 7.35 | EMA25: 7.88 | RSI14: 37.34 | Resistance: 12 | Support: 6.51 | Average Volume: 66919.87 | Volume Trend: Decreasing
Based on the 1D chart of ALCXUSDT, here are my technical analysis and recommendations:
**Recommendations:**
1. Long/Short Entry: Look for a long entry around 7.10/7.15, as the price has bounced off the support level and the RSI is oversold. For a short entry, consider 7.45/7.50, as the price is approaching the EMA25 and the MACD is negative.
2. Best Long/Short Exit: For longs, exit around 7.65/7.70, as the price approaches the EMA25, and for shorts, exit around 6.85/6.90, as the price reaches the support level.
3. Best Spot Buy: Consider buying around 7.20, as the price is likely to bounce off the support level and the RSI is oversold.
**Rationale:**
* The price is trading below the EMA25, indicating a bearish trend.
* The RSI is oversold, suggesting that the price may bounce back.
* The MACD is negative, indicating a downward momentum.
* The volume trend is decreasing, indicating a lack of buying pressure.
* The support level is at 6.51, and the resistance level is at 12, indicating potential boundaries for the price action.