Price: 0.0004865 | EMA7: 0 | EMA25: 0 | RSI14: 30.45 | Resistance: 0.0004979 | Support: 0.0004843 | Average Volume: 15010747.91 | Volume Trend: Decreasing
Based on the 15m technical analysis of SPELLUSDT:
- The current price is 0.0004865, below both EMA7 (0.0004893) and EMA25 (0.0004915), indicating a bearish trend.
- RSI14 is at 30.45, suggesting the asset is oversold, potentially due for a bounce.
- MACD is negative, reinforcing the bearish momentum.
**Advice:**
- **Long Entry:** Consider a long position if the price breaks above EMA7 (0.0004893) with a target of 0.0004979 (Resistance). A more conservative entry would be above 0.0004979.
- **Best Long Entry Price:** 0.0004895 (just above EMA7).
- **Spot Buy:** 0.0004845, near the support level, could be a good spot buy, anticipating a potential bounce from the oversold condition.
- **Short Entry:** If the price bounces off the current levels and fails to break EMA7 or EMA25, consider shorting at 0.000489 (near EMA7) with a stop-loss above EMA25 (0.0004915).
- **Best Short Entry Price:** 0.000489 (near EMA7), targeting 0.0004843 (Support).
Keep in mind that decreasing volume might indicate weakening momentum, so monitor volume and other indicators for confirmation. Set stop-losses accordingly to manage risk.