Price: 0.596 | EMA7: 0.6 | EMA25: 0.6 | RSI14: 39.68 | Resistance: 0.634 | Support: 0.594 | Average Volume: 15436.34 | Volume Trend: Increasing
Based on the 15m technical analysis of API3USDT:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 39.68, suggesting the asset is nearing oversold territory, potentially setting up for a bounce.
- MACD is negative, reinforcing the downtrend.
**Long Entry Advice:** Consider a long entry if the price breaks above EMA7 (0.598) and then EMA25 (0.601), with a stronger confirmation above 0.603. A more conservative entry could be after a clear bounce off the support at 0.594.
**Best Long Entry Price:** 0.603 (after breaking EMA25)
**Stop Loss:** Below 0.594
**Short Entry Advice:** If the downtrend continues, consider a short entry near resistance at 0.634 or upon rejection at EMA7/EMA25.
**Best Short Entry Price:** 0.634 (upon reaching resistance)
**Best Spot Buy Price:** Around 0.594, where support is strong, or after a confirmed bounce above 0.603.