🤖 AI Insight

Based on the provided technical analysis for the GMXUSDT (Gmx Cfd Token) on a 15-minute chart, here's a summary of the key factors:

1. Price: $15.32
2. EMA7: $15.2781
3. EMA25: $15.3089
4. RSI14: 50.5688 (Neutral zone)
5. MACD: -0.0265
6. Resistance: $16.2
7. Support: $14.28
8. Average Volume: $1350.11
9. Volume Trend: Decreasing

Your analysis suggests the current price zone is neutral with some upward pressure. Looking at the resistance level at $16.2, it seems reasonable to identify this as the significant long position entry point. A slightly more conservative approach could be to enter the long position at the support level at $14.28, as that indicates a potential bounce.

For the short position, consider using the EMA7 or EMA25 as support levels. In this case, the EMA7 at $15.2781 provides a safer entry point compared to the EMA25, as it is closer to the current price. When entering a short position, I would recommend using the long position's support levels, which would be the higher EMA25 or Resistance level at $16.2.

Additionally, tracking volume will be crucial when making your investment decisions - the decrease in volume at the moment suggests the market sentiment is more bearish. As a suggestion, the best place to buy the token in the spot market could be when the volume starts increasing, pointing to a possible bottom formation. However, consider a stop loss order to mitigate risks since the market is currently trending down.