Price: 13.84 | EMA7: 13.89 | EMA25: 14.04 | RSI14: 42.96 | Resistance: 14.95 | Support: 12.25 | Average Volume: 343259.7 | Volume Trend: Decreasing
Based on the 15m chart for TRUMPUSDT, here's the technical analysis:
1. **Trend:** The EMA25 (14.040044811175) is above EMA7 (13.886673748821), indicating a slight upward trend.
2. **Oversold:** The RSI14 (42.962906589609) is below 50, signaling potential overcorrection and a possible upward bounce.
3. **Bearish indicator:** MACD (-0.074746086010057) is below zero, indicating a bearish signal.
4. **Volume:** The decreasing volume trend is a red flag, suggesting a lack of buying pressure.
5. **Support:** The support level is at 12.25.
**Recommendations:**
- **Long/Short entry price:** Consider entering a short position around 13.92, where the EMA25 and RSI14 might offer a potentially strong resistance point.
- **Best spot buy price:** Wait for a strong buying signal, such as an RSI14 below 30 or a bullish divergence on the MACD. However, given the current bearish indicators, it's not a good time to enter a long position.
Monitor the price action for any further developments, and adjust the entry strategy accordingly.