Price: 0.2794 | EMA7: 0.29 | EMA25: 0.29 | RSI14: 32.07 | Resistance: 0.3198 | Support: 0.2763 | Average Volume: 65342.2 | Volume Trend: Increasing
Based on the 1h technical analysis of CTKUSDT:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 32.07, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, further indicating a bearish trend.
For Long position: Consider entering around 0.2763 (support level) if it holds, or wait for a confirmed reversal signal (e.g., RSI moving out of oversold territory).
For Short position: A break below 0.2763 could lead to further decline; consider entering short around 0.273 if it breaks the support.
Best spot buy price: Around 0.2763 if it holds as support, or wait for a clearer reversal signal above EMA7 (currently at 0.2855).
Keep in mind, increasing volume trend supports the move, whether it's up or down. Monitor price action closely.