Price: 2.149 | EMA7: 2.19 | EMA25: 2.22 | RSI14: 38.74 | Resistance: 2.456 | Support: 1.915 | Average Volume: 172659.48 | Volume Trend: Decreasing
Based on the 4-hour chart, here's my technical analysis of AXSUSDT:
The cryptocurrency is currently in a bearish trend, with the price below the EMA7 and EMA25. The RSI14 is also indicating an oversold condition, which may lead to a short-term bounce.
**Best Short Entry:** If the price breaks below the current support level of 1.915, it could be a good short entry with a target of 1.75.
**Best Long Entry:** If the price bounces off the support level and breaks above the EMA7 (2.1909), it could be a good long entry with a target of 2.456 (resistance level).
**Best Spot Buy Price:** If you're looking to buy at the current price, consider setting a buy order around 2.05, which is near the 50% retracement level of the recent downtrend.
Keep in mind that the decreasing volume trend may indicate a lack of interest in the cryptocurrency, which could affect its price action. Trade with caution and set appropriate stop-loss levels.