Price: 1.216 | EMA7: 1.22 | EMA25: 1.23 | RSI14: 35.05 | Resistance: 1.242 | Support: 1.196 | Average Volume: 34021.07 | Volume Trend: Decreasing
Based on the 15m chart, EIGENUSDT is in a bearish trend. The price is below the short-term EMA (7) and the long-term EMA (25), indicating a potential downward trend.
Recommended Long/Short entry prices:
* Short entry: 1.204-1.208 (breakout from descending channel and RSI oversold condition)
* Long entry: 1.220-1.224 (reversal support zone and EMA (7) convergence with price)
Best spot buy price:
* Wait for a pullback to the 1.200-1.204 zone and enter with a stop-loss below 1.196, targeting 1.220-1.224 zones for a potential bounce.
Note: Be cautious, as the volume trend is decreasing, indicating possible weak trends. Monitor the chart for any signs of reversal.