Price: 0.065 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 59.31 | Resistance: 0.0656 | Support: 0.0585 | Average Volume: 416569.49 | Volume Trend: Decreasing
Based on the given 15-minute chart of C98USDT, here's my analysis:
- The EMA25 is below EMA7, indicating a short-term upward trend within a longer-term downward trend.
- The RSI14 of 59.3 is in overbought territory, suggesting a potential reversal.
- The MACD is slightly bullish but weak, not indicating any strong momentum.
- The volume trend is decreasing, which may indicate that the recent price increase might be due to a short squeeze or a minor bounce in a downtrend.
Given this analysis, here are my recommendations:
**Long/Short entry:** It's better to wait for a breakout or a strong reversal signal before entering a trade. A long/short entry could be considered near the EMA25 at 0.0643, but a more convincing entry might be near the resistance (0.0656) if the price breaks and closes above it.
**Best Long/Short entry prices:**
- Long: 0.0643 (EMA25)
- Short: 0.0656 (Resistance) or 0.065 (slightly below resistance)
**Best spot buy price:** Due to the strong risk of a potential reversal, I would advise against buying the asset at the current price. If you still want to buy, the best spot buy price would be 0.062 (below support), but keep in mind that this might be a marginal opportunity due to the overall downward trend.