Price: 3.8132 | EMA7: 3.81 | EMA25: 3.82 | RSI14: 48.11 | Resistance: 3.8572 | Support: 3.6803 | Average Volume: 19419.26 | Volume Trend: Decreasing
Based on the provided technical analysis chart for FORMUSDT on a time frame of 15 minutes, here's the summary of the key indicators and recommended entry points:
1. Price: Current price is 3.8132 USDT. Consider buying at or near this level if you are looking for a spot buy.
2. EMA7: The 7-day Exponential Moving Average is 3.8139650432474 USDT. Buying at or near this level can be a good strategy for short-term profitability.
3. EMA25: The 25-day Exponential Moving Average is 3.8167662091342 USDT. Achieving target profit can be more difficult targeting this level.
4. RSI14: The Relative Strength Index (RSI) for a 14-day period is 48.10831944163. You can buy at this level if looking for entry point in a bullish trend.
5. MACD: The Moving Average Convergence Divergence is -0.0010269042389894 USDT. Consider buying once MACD signal lines cross over into positive territory for a short-term trade.
6. Resistance: The next major resistance level is around 3.8572 USDT. Consider selling when prices reach this level.
7. Support: The support level is around 3.6803 USDT. Buy at or near this level if looking for a long position due to the potential for price recovery.
8. Volume: The volume trend is decreasing, which is usually an indication of lower market liquidity and caution should be used when entering trades.
Best advice: Take into account your risk management strategy, stay updated with news, and seek the advice of a financial advisor before making any trading decision. Make sure to manage your risk by placing stop-loss orders and consider using a diversified portfolio strategy.