Price: 2.288 | EMA7: 2.27 | EMA25: 2.25 | RSI14: 63.69 | Resistance: 2.456 | Support: 2.194 | Average Volume: 46907.98 | Volume Trend: Decreasing
Based on the 1h chart of AXSUSDT, here's my analysis:
* The price is currently hovering around the middle of the EMA7 and EMA25, indicating a neutral market sentiment.
* RSI14 is slightly overbought, indicating a potential for a pullback.
* MACD is slowly crossing over the zero line, which is a bullish sign.
* Resistance is at 2.456 and Support is at 2.194.
As a technical analyst, I would advise the following:
* For a Long entry, consider buying the asset when the price breaks above the EMA7 (approximately 2.289) with a target of 2.456 and a stop-loss at 2.255.
* For a Short entry, consider selling the asset when the price breaks below the EMA25 (approximately 2.251) with a target of 2.194 and a stop-loss at 2.281.
For a spot buy, I would wait for the price to settle below the EMA25 (approximately 2.251) and then look for a pullback to the Support level (2.194) as a buying opportunity.