Price: 0.658 | EMA7: 0.57 | EMA25: 0.86 | RSI14: 42.33 | Resistance: 3.7605 | Support: 0.349 | Average Volume: 46981070.69 | Volume Trend: Decreasing
Based on the provided technical analysis for IMXUSDT over a 1-week period:
1. Best Short Entry Price: If expecting a bearish market move, consider entering a short position when the price closes below the EMA25 (currently at 0.85844378223838), aiming for a price closer to the support level at 0.349.
2. Best Long Entry Price: If expecting a bullish market move, wait for the price to stabilize above the EMA7 (currently at 0.57163724969606), ensuring the RSI14 (currently at 42.332338903757) is between oversold (below 30) and oversold to buy (above 70) conditions.
3. Best Spot Buy Price: Consider buying IMXUSDT when the current support level (0.349) holds and the price starts to stabilize. In that case, wait for the RSI14 and MACD to indicate a potential bullish trend, ensuring the MACD's signal line crosses above the histogram.
Additionally, pay attention to the daily chart for more comprehensive trends and indicators, such as resistance and support levels, as forex market conditions and trends can be strong indicators.