Price: 0.1855 | EMA7: 0.19 | EMA25: 0.19 | RSI14: 30.84 | Resistance: 0.2004 | Support: 0.183 | Average Volume: 178069.56 | Volume Trend: Decreasing
Based on the 15m chart of ZRXUSDT, here's a brief analysis:
- The price is currently trading around the EMA25 level, indicating a possible recovery trend.
- The RSI is at 30.83, which is in the oversold region, suggesting a potential buying opportunity.
- The MACD is negative, indicating selling pressure.
- The Volume Trend is decreasing, indicating low market participation.
Advice for traders:
- Consider a short entry around 0.1850 (below the EMA7 and above the support level) with a target of 0.183 and a stop loss of 0.1920.
- As for a spot buy, consider entering at 0.183 (just above the support level) with a target of 0.2004 and a stop loss of 0.1800.
Please keep in mind that this analysis is based on a single 15m chart and it's essential to consider multiple time frames and other market factors before making any trading decisions.