Price: 0.1592 | EMA7: 0.16 | EMA25: 0.16 | RSI14: 36.27 | Resistance: 0.1688 | Support: 0.159 | Average Volume: 1350922.04 | Volume Trend: Decreasing
Based on the 15m chart, here's my technical analysis:
**Short-term bearish bias**: The price is below the EMA7 and EMA25, and the RSI14 is in the oversold region, indicating a potential bounce. However, the MACD is still in negative territory, suggesting that the bears have the upper hand.
**Recommended entry prices:**
* Short: 0.1605 (just above the EMA7) with a stop-loss at 0.162. Target: 0.158.
* Long: 0.1575 (just below the support) with a stop-loss at 0.156. Target: 0.161.
**Spot buy price:** If you're looking to buy, wait for a bounce from the support level at 0.159. A long position can be initiated at 0.1595 with a stop-loss at 0.1585.
Please note that these recommendations are based on a 15-minute chart and are subject to change as market conditions evolve.