Price: 2.6375 | EMA7: 2.64 | EMA25: 2.62 | RSI14: 59.88 | Resistance: 2.708 | Support: 2.5719 | Average Volume: 10705.4 | Volume Trend: Decreasing
Based on the 15-minute technical analysis of FORMUSDT:
**Current Status:** The price is trading at 2.6375, slightly above the EMA7 (2.6351) and EMA25 (2.6218), indicating a short-term bullish trend.
**Indicators:**
* RSI14 (59.88) is in the neutral zone, not overbought or oversold.
* MACD (0.0072) is positive, suggesting a bullish momentum.
**Levels:**
* Resistance: 2.708, a potential target for long positions.
* Support: 2.5719, a potential stop-loss level for long positions.
**Advice:**
* **Long Entry:** Consider buying around 2.635-2.640 (EMA7 and current price), targeting 2.708 (resistance). Stop-loss at 2.5719 (support).
* **Short Entry:** Consider selling around 2.670 (above resistance), targeting 2.6375 (current price). Alternatively, wait for a breakdown below 2.5719 (support) for a more confident short entry.
* **Spot Buy Price:** For a lower-risk entry, consider buying at 2.6218 (EMA25) or slightly lower, targeting 2.6375 (current price).
**Volume Trend:** Keep an eye on the decreasing volume trend. A significant increase in volume is needed to confirm the bullish trend.
Please trade responsibly and adjust your strategy according to your risk tolerance and market conditions.