Price: 16.1 | EMA7: 16.14 | EMA25: 16.47 | RSI14: 31.97 | Resistance: 17.5 | Support: 15.87 | Average Volume: 2775.83 | Volume Trend: Decreasing
Based on the 1h chart, here's my technical analysis:**
The RSI14 is currently at 31.97), indicating an oversold region. The MACD is also bearish, but a potential bullish crossover could occur soon.
**Short Entry:** 16.30 (just below the EMA25) with a stop-loss at 16.50.
**Long Entry:** 15.95 (just above the Support level) with a target at 16.50.
**Spot Buy Price:** 16.05 (taking advantage of the oversold RSI and MACD convergence).
Please keep in mind that this analysis is subjective and may change based on new price data.