Price: 3.532 | EMA7: 3.55 | EMA25: 3.56 | RSI14: 34.51 | Resistance: 3.653 | Support: 3.513 | Average Volume: 4060.56 | Volume Trend: Increasing
Based on the 15-minute chart, CVXUSDT is trending upward with a slight pullback. Here's my assessment:
* The price has bounced off the support level of 3.513, which indicates a potential bottom.
* The EMA7 and EMA25 are trying to crossover, favoring longs.
* The RSI is oversold, but not oversold enough to expect a strong bounce. A cautious long entry could be planned around 3.535-3.545.
* The MACD is still bearish, but showing signs of a potential reversal.
* Keep an eye on the resistance level of 3.653; a breakout above this could trigger a stronger rally.
* As the volume trend is increasing, I would advise waiting for a slight correction before entering a long position. Look for an entry around 3.530-3.535.
* For a spot buy, I would suggest waiting for a pullback to around 3.510-3.515, as this would provide a better risk-reward ratio.