🤖 AI Insight

Based on the 1-day chart analysis, the current price of C98USDT is 0.0411 USDT. The support level is at 0.0343 USDT, which indicates a potential buying opportunity if the price falls close to or below this level. On the other hand, the resistance level is at 0.08 USDT, suggesting a potential selling opportunity once the price breaches that level and starts to rise.

For long positions: Considering the decreasing volume trend, it could be beneficial to wait for the volume to increase before entering a long position. Wait for the price to break above the support level (0.0343 USDT) with adequate trading volume, indicating that bulls are gaining control.

For short positions: Wait for the price to breach the resistance level (0.08 USDT) with a consistent decrease in trading volume. This suggests bears may lose control and a potential market reversal could occur.

Additionally, when determining entry points, consider waiting for crossovers between the 7-day and 25-day Exponential Moving Averages (EMAs):

1. A bullish crossover: Wait for the 7-day EMA to cross above the 25-day EMA as a sign of potential price appreciation. This would indicate a short-term upward trend gaining strength. Crossing these EMAs points when the market shows signs of a potential uptrend.

2. A bearish crossover: Await the 7-day EMA to cross below the 25-day EMA, pointing towards potential downward movement. This signifies an upcoming shift towards a negative trend. Crossing these EMAs can highlight possible entry points for short positions.

When closely monitoring these technical indicators, keep in mind that the market dynamics can shift rapidly, so do your proper research, consider both technical and fundamental factors, and form a well-rounded investment decision.