Price: 0.0271 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 32.08 | Resistance: 0.0283 | Support: 0.0271 | Average Volume: 112997.17 | Volume Trend: Decreasing
Based on the 15m technical analysis of NKNUSDT, here's a brief assessment:
- The price (0.0271) is below both EMA7 (0.027364404378286) and EMA25 (0.027542780421477), indicating a downtrend.
- RSI14 is at 32.078127421571, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative (-0.00010081282647691), supporting the downtrend.
- The current price is at support (0.0271). A break below could lead to further decline, while holding above could signal a bounce.
**Advice:**
- **Long Entry:** Consider a long position if the price holds above 0.0271 and shows signs of reversal, with a target entry around 0.0273-0.0275 upon confirmation of upward momentum.
- **Short Entry:** A short position could be considered if the price breaks below 0.0271, targeting the next support level, but be cautious of the oversold RSI.
- **Spot Buy:** The best spot buy price would be around 0.0265-0.0268 if the price dips further, or upon a confirmed reversal above 0.0280, indicating a stronger uptrend.