Price: 0.317 | EMA7: 0.32 | EMA25: 0.34 | RSI14: 22.88 | Resistance: 0.4131 | Support: 0.256 | Average Volume: 673739.28 | Volume Trend: Decreasing
Based on the 1-hour chart of CTKUSDT, I would advise:
1. Trading strategy: Long/Short
Best Long entry price: 0.295 (50% Fibonacci retracement and EMA7 support)
Best Long exit price: 0.35 (first resistance level and EMA25)
Best Short entry price: 0.35 (first resistance level and EMA25)
Best Short exit price: 0.275 (second support level and Fibonacci extension)
For spot buying:
1. Ideal buy price: 0.275 (second support level and Fibonacci extension)
This is because the price has shown a significant decrease and is approaching the second support level. The RSI is oversold, indicating a potential bounce. The MACD is also close to a bullish crossover, which can be a buy signal. However, it's essential to monitor the volume trend, as it's decreasing, which might indicate further price decline.