Price: 1.908 | EMA7: 1.93 | EMA25: 1.95 | RSI14: 28.8 | Resistance: 2.108 | Support: 1.908 | Average Volume: 55947.82 | Volume Trend: Decreasing
Based on the 15-minute chart, I'd recommend the following:
Long/Short Entry: Go long at 1.932 (EMA7 crossing above EMA25) for a potential target of 1.992-2.048 (resistance levels). Consider a 1:1 risk-reward ratio, meaning set a stop-loss at 1.918 and a take-profit at 1.992.
Best Spot Buy: 1.914 (just below Support level) for a potential target of 1.992-2.048. This entry is more aggressive, but it could be rewarded with a stronger move if the price breaks above the Resistance level.
Keep an eye on the RSI (28.8), which is oversold, and the MACD, which is bearish. If the price fails to break above the resistance or the RSI doesn't bounce back, it could lead to further declines.
CAUTION: The decreasing volume trend may indicate a lack of buying pressure, so be cautious of a potential fakeout or a failed breakout. Monitor the chart closely for any signs of reversal or confirmation of the trend.