Price: 1.349 | EMA7: 1.4 | EMA25: 1.43 | RSI14: 28.51 | Resistance: 1.535 | Support: 1.334 | Average Volume: 65268.2 | Volume Trend: Increasing
Based on the 1h technical analysis of AXSUSDT:
- The price is currently at 1.349, below both EMA7 (1.3967) and EMA25 (1.4278), indicating a downtrend.
- RSI14 is at 28.51, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering a long position around 1.334 (support level) if it holds, or wait for a confirmed reversal signal above EMA7 (1.3967).
- **Best Long Entry Price:** 1.334 or after a close above 1.3967.
- **Short Entry:** Consider shorting at resistance (1.535) or upon a failed attempt to cross above EMA7 (1.3967).
- **Best Short Entry Price:** 1.3967 with a stop-loss above 1.4278.
- **Best Spot Buy Price:** Around 1.334, with a stop-loss below recent lows.
Keep an eye on volume and trend confirmation.