Price: 0.3019 | EMA7: 0.3 | EMA25: 0.3 | RSI14: 43.66 | Resistance: 0.3105 | Support: 0.2978 | Average Volume: 32288.32 | Volume Trend: Decreasing
Based on the 15m technical analysis of PUNDIXUSDT:
- Current price is 0.3019, slightly below EMA7 and EMA25, indicating a potential short-term downtrend.
- RSI14 is at 43.6566, nearing oversold territory, which may signal a potential reversal.
- MACD is positive but very small, indicating a weak bullish momentum.
Advice:
- Long entry: Consider buying around 0.2978 (support level) with a stop loss below it. Alternatively, wait for a confirmed reversal above EMA7/EMA25.
- Short entry: Consider shorting around 0.3105 (resistance level) with a stop loss above it.
- Best spot buy price: 0.2978 or lower, with a target of 0.3105.
Keep in mind that the decreasing volume trend may indicate a lack of conviction in the current price movement. Monitor the price action and adjust your strategy accordingly.