Price: 0.1736 | EMA7: 0.17 | EMA25: 0.17 | RSI14: 42.03 | Resistance: 0.1849 | Support: 0.1553 | Average Volume: 553619.84 | Volume Trend: Decreasing
Based on the 15-minute chart of JOEUSDT, here are my technical analysis observations and suggestions:
* The price is below the EMA25, indicating a bearish trend.
* The RSI14 is around 42, which is a relatively neutral zone, neither overbought nor oversold.
* The MACD is mildly bearish, suggesting a short-term decline.
* Resistance is at 0.1849, and support is at 0.1553.
As a long/short analyst, I would recommend:
* Short entry: Consider selling at around 0.1670-0.1690, which is near the previous support level. The stop-loss could be set above 0.1749, and the target could be 0.1600-0.1620.
* Spot buy: If you're looking to buy, consider waiting for a pullback to 0.1620-0.1640, which could be a better buying opportunity. Set a stop-loss below 0.1560 and target 0.1740-0.1760.
Keep in mind that these are just brief recommendations and should be used in conjunction with your own risk management strategies and overall market analysis.