Price: 0.3078 | EMA7: 0.31 | EMA25: 0.31 | RSI14: 30.16 | Resistance: 0.3211 | Support: 0.3023 | Average Volume: 47469.42 | Volume Trend: Decreasing
Based on the 15-minute chart of AXLUSDT, I recommend the following:
For Long/Short Entry:
* Sell short at 0.3055 (just below the current price) as the RSI is oversold and the MACD is bearish. Target a stop-loss above the EMA25 (0.311194759934) to limit potential losses.
* Buy long at 0.3125 (near the EMA7) as the RSI is oversold and the MACD is bearish. Set a stop-loss below the Support level (0.3023) to mitigate potential losses.
Best Spot Buy:
* Wait for a buy signal at 0.3065 (just below the Support level) and aim for a rally to 0.3165 (near the EMA25).
Note: These recommendations are based on short-term technical analysis and should be used as a guide for your trading decisions. It is essential to consider other factors such as news, order flow, and market sentiment before entering any trade.