Price: 2.038 | EMA7: 2.04 | EMA25: 2.05 | RSI14: 43.43 | Resistance: 2.177 | Support: 2.015 | Average Volume: 33615.29 | Volume Trend: Decreasing
Based on the 15m chart analysis of RAYUSDT, here's my technical analysis and advice:
**Recommendations:**
1. Long/Short Entry: 2.025 (slightly below the current price) - This price is below the EMA25, but above the support level, making it a potential entry point. Additionally, the RSI is relatively low, indicating some buying activity might be present.
2. Spot Buy: 2.045 (just above the EMA7) - This price is slightly above the EMA7, which might help you enter a trend. The declining volume trend is a concern, but the MACD is still relatively stable.
**Risks:**
1. Bearish trend might continue, pushing prices towards 2.015 support.
2. Increasing bearish momentum, as indicated by the MACD, could lead to a deeper correction.
**Take-Profit:**
1. Long trade: Target 2.100-2.120, depending on the strength of the trend.
2. Short trade: Target 2.010-2.005, depending on the bearish momentum.
**Important Notes:**
1. Monitor the MACD and RSI for any changes, as they might indicate a shift in the trend.
2. Keep an eye on the volume trend; a sudden increase in volume could indicate a trend reversal.
3. Be cautious of risk and adjust your position sizing accordingly based on market conditions.