Price: 0.1379 | EMA7: 0.14 | EMA25: 0.14 | RSI14: 48.57 | Resistance: 0.1396 | Support: 0.1326 | Average Volume: 92966.5 | Volume Trend: Decreasing
Based on the 15-minute chart of POLYXUSDT, I recommend a long position. Here's the analysis:
- The EMA7 is above EMA25, indicating a bullish trend.
- The RSI14 is at 48, which is neutral and could indicate a potential bullish reversal.
- The MACD is near the zero line, suggesting low momentum.
- The price is currently below the resistance level of 0.1396 but closer to the support level of 0.1326.
- The decreasing volume trend may be a concern, as it could indicate a lack of buying interest.
To enter a long position, I suggest:
- For a Long/Short (L/S) strategy, enter at 0.1360 (3.4% below the current price) to buy and at 0.1395 (1% above the current price) to sell.
- For a spot buy, consider entering at 0.1360 (2.3% below the current EMA7 and potentially lower than EMA25) as it may provide a better entry point, but be cautious of the decreasing volume trend.
Please note that technical analysis is subjective and should be used as part of a comprehensive analysis. It is essential to consider other indicators and factors before making a trading decision.