Price: 0.0182 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 38.21 | Resistance: 0.0323 | Support: 0.0063 | Average Volume: 20945376.16 | Volume Trend: Decreasing
Based on the provided technical analysis for NKNUSDT, here are the recommended steps for entry prices:
1. Spot Buy Price Recommendation: The support level mentioned is 0.0063. Consider buying NKNUSDT when the price touches this support level to minimize potential losses.
2. Long Entry Recommendation: Use the EMA25 crossover as a signal to go long. When the 25-day Exponential Moving Average (EMA25) crosses above the 7-day EMA (EMA7), enter a long position. At current analysis, the EMA25 is at 0.020250303069403 and the EMA7 is at 0.018597991245783. You can await this crossover before initiating a long position. Keep an eye on the RSI14 and MACD readings to confirm the bullish signal.
3. Short Entry Recommendation: Use the EMA25 crossover as a signal to go short. When the 25-day EMA25 (currently at 0.020250303069403) crosses below the 7-day EMA7 (currently at 0.018597991245783), enter a short position. Make sure to carefully monitor RSI14 and MACD readings to confirm the bearish signal before initiating the short position.
These entry prices are based on the provided analysis and may shift depending on the market movements. Keep watch on price movements and signals to adjust entry points accordingly. It is essential to apply proper risk management techniques, such as stop-loss orders, to minimize potential losses. Additionally, consider diversifying your portfolio and conducting thorough research on potential investments.