Price: 0.516 | EMA7: 0.53 | EMA25: 0.55 | RSI14: 44.73 | Resistance: 0.668 | Support: 0.335 | Average Volume: 6602885.54 | Volume Trend: Decreasing
Based on the 1-day chart of IMXUSDT, here's my technical analysis:
**Short-term Trend:** The price is currently trading below the EMA7 (0.5324) and EMA25 (0.5488), indicating a bearish trend.
**Recommendation:** I recommend going Long with a target price of 0.558 (near EMA25) and a Stop Loss at 0.485 (below EMA7).
**Long position entry:** Look for a buy signal around 0.505-0.510, where the price may find support and bounce off.
**Spot buy:** If you prefer a spot buy, consider entering around 0.485, where the price has found support in the past.
**Note:** Always use proper risk management and set realistic targets. Additionally, monitor the chart for trend changes and adjust your position accordingly.