Price: 14.96 | EMA7: 15.01 | EMA25: 14.94 | RSI14: 51.22 | Resistance: 15.66 | Support: 14.31 | Average Volume: 3615.21 | Volume Trend: Decreasing
Based on the 1h chart of GMXUSDT, the key levels to watch are:
* Resistance: 15.66 (consider selling or going short if price approaches this level)
* Support: 14.31 (consider buying or going long if price bounces off this level)
The RSI is at 51.22, indicating a neutral market reading. The MACD is positive, but the signal is weakening.
For a Long/Short strategy:
* Best entry price for a buy: above 14.60 (break above the descending trend line and approach the support turned resistance level) and above the EMA7
* Best entry price for a sell: above 15.65 (break above the resistance level) and above the EMA25
For a Spot Buy:
* Best price: around 14.40 (break below the trend line and approach the support level)