Price: 0.01881 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 25.23 | Resistance: 0.02064 | Support: 0.01838 | Average Volume: 594351.13 | Volume Trend: Decreasing
Based on the 1h technical analysis of IDEXUSDT:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 25.23, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, supporting the downtrend.
**Advice:**
- **Long Entry:** Consider a long position around the support level of 0.01838. A break below this could signal further decline.
- **Stop Loss for Long:** Below 0.01838.
- **Short Entry:** Around 0.02064, if the price bounces off the resistance.
- **Best Spot Buy Price:** Around 0.01838, given the oversold RSI.
Keep an eye on volume; a decreasing volume during a downtrend can sometimes precede a reversal. However, a clear reversal signal (e.g., RSI divergence or MACD crossover) is needed to confirm the long position.