Price: 0.0888 | EMA7: 0.1 | EMA25: 0.14 | RSI14: 25.96 | Resistance: 0.473 | Support: 0.0541 | Average Volume: 282651264.32 | Volume Trend: Decreasing
Based on the 1-week technical analysis of CGPTUSDT, I would recommend a Long/Short entry strategy:
* Short entry: Look for a break below Support 0.0541 for a short-term sell opportunity. The EMA7 is already below the price, indicating a potential downtrend.
* Long entry: Consider entering a long position when the price bounces off Support 0.0541 and rejects the Resistance level of 0.473. The EMA25 is above the EMA7, suggesting a potential reversal.
As for the best long/short entry prices, I would suggest:
* Short entry: 0.0580-0.0620 (just below Support)
* Long entry: 0.1450-0.1500 (just above EMA25 and Resistance)
For spot buyers, I would recommend looking for a buy opportunity around 0.0700-0.0800, as this is a potential zone of support and a possible exit point for short sellers. However, please note that the overall volume trend is decreasing, which may indicate a lack of strong buying interest. Proceed with caution.