Price: 1.99 | EMA7: 1.99 | EMA25: 2.01 | RSI14: 38.08 | Resistance: 2.085 | Support: 1.985 | Average Volume: 6124.84 | Volume Trend: Decreasing
Based on the 15-minute chart of FXSUSDT, here are my observations and recommendations:
**Short-term Outlook:** The price is currently trading below the EMA25, which suggests a bearish trend. The RSI14 is at 38, indicating an oversold condition, but the MACD is still negative.
**Best Long/Short Entry Prices:**
* Short entry: 1.99 (current price) - This is a good opportunity to short the asset as it has broken below the EMA25 and is testing the support level of 1.985.
* Long entry: 1.985 (support level) - If the price breaks back above this level, it could be a good opportunity to go long, as the RSI14 is oversold and the MACD could potentially turn bullish.
**Best Spot Buy Price:** 1.986 - This is a slightly more conservative spot buy price, considering the support level and the potential for a bullish correction.
**Risk Management:** Consider setting a stop-loss around 1.994 (lower end of the recent range) to limit potential losses, and a take-profit around 2.085 (resistance level) to lock in gains.
Keep in mind that this is a short-term analysis, and it's essential to monitor the market closely for any changes in the trend.