Price: 1.1338 | EMA7: 1.14 | EMA25: 1.15 | RSI14: 27.09 | Resistance: 1.17 | Support: 1.1237 | Average Volume: 45843.11 | Volume Trend: Increasing
Based on the 15m chart of VIRTUALUSDT, here's a brief analysis:
The price is currently at 1.1338, below both EMA7 (1.1426) and EMA25 (1.1498), indicating a downtrend. RSI14 is at 27.09, suggesting oversold conditions, which could lead to a bounce. MACD is negative, confirming the downtrend. The price is near the support level at 1.1237.
**Long Entry:** Consider going long at 1.1237 (support level) with a stop loss below it. Alternatively, wait for a bounce and enter long around 1.1426 (EMA7) if the price consolidates above 1.1338.
**Short Entry:** Consider shorting at 1.17 (resistance level) with a stop loss above it.
**Spot Buy:** The best spot buy price would be around 1.1237, as it is a strong support level.
Keep in mind that the increasing volume trend could be a sign of a potential reversal or a strong move in the direction of the trend. Monitor the price action closely and adjust your strategy accordingly.