🤖 AI Insight

Based on the technical analysis of GMXUSDT at the 1-week timeframe, here are my observations and recommendations:

The price is currently at $14.94, indicating a significant decline from the recent highs. The EMA7 is above the EMA25, indicating a bearish trend.

RSI14 is at 47.09, which is in the neutral zone, but slightly leaning towards oversold. MACD is negative and decreasing, also indicating a bearish trend.

The nearest resistance level is at $64.43, which is quite distant from the current price. The nearest support level is at $9.58, which is a significant level that may provide some support to the price.

Given the bearish trend and the decreasing volume, I would recommend a Long/Short entry at a price around $12.50 to $13.00. This would give you a decent entry price to ride the downtrend.

For a spot buy, I would advise waiting for a bounce off the support level at $9.58. This level has significant historical significance, and a bounce here could provide a good buying opportunity. I would recommend buying around $10.00 to $10.50, as this would give you a decent entry price and some room to ride the potential bounce.

Keep in mind that these are just technical analysis recommendations and do not constitute financial advice. It is always important to do your own research and risk assessment before making any investment decisions.