Price: 0.3092 | EMA7: 0.31 | EMA25: 0.29 | RSI14: 54.73 | Resistance: 0.535 | Support: 0.21 | Average Volume: 4658673.45 | Volume Trend: Decreasing
Based on the 1-day technical analysis of CTKUSDT, here are my recommendations:
**Long:** I suggest entering a long position if the price breaks above the EMA25 level at 0.2854. A potential entry price could be around 0.2920-0.2940, considering the price action at that level is likely to be influenced by the moving averages. Risk-reward ratio: 1:2.
**Short:** Conversely, if the price falls below the EMA7 level at 0.3068, I recommend entering a short position. A potential entry price could be around 0.3020-0.3040. Risk-reward ratio: 1:2.
**Spot Buy:** If you're looking to buy CTKUSDT, I recommend buying at a lower price to minimize risk. A better spot buy price might be around 0.28-0.29, considering the decreasing volume trend and potential support at that level. Be cautious, as the price may still retest the resistance at 0.53.