Price: 94.3 | EMA7: 94.15 | EMA25: 94.62 | RSI14: 45.83 | Resistance: 98.6 | Support: 93 | Average Volume: 454.96 | Volume Trend: Decreasing
Based on the 15m technical analysis of QNTUSDT, here's my assessment:
- The price is currently around 94.3, which is slightly above the EMA7 (94.1536) and below the EMA25 (94.6168), indicating a short-term bearish trend.
- The RSI14 (45.83) is below the neutral level of 50, indicating a bearish trend.
- The MACD (-0.3315) is negative, indicating a bearish trend.
- The Volume Trend is decreasing, which suggests a lack of buying or selling momentum.
**Recommendation:**
- Long position entry: NOT RECOMMENDED, as the price is below the EMA25 and the RSI/ MACD indicate a bearish trend.
- Short position entry: Consider shorting the price when it's above the RSI 28 level (around 93.5) and decreasing volume. If you must enter a short, wait for a clear break below 93 support.
- Best spot buy price: Consider buying when the price is around 92-93, just above the 93 support and higher than the EMA7/ EMA25 crossover. It's essential to wait for confirmation of a bullish trend, and always maintain a stop-loss order.