Price: 0.0181 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 43.49 | Resistance: 0.0191 | Support: 0.017 | Average Volume: 460807.31 | Volume Trend: Decreasing
Based on the 1h technical analysis of NKNUSDT:
- The price is slightly below EMA7, indicating a potential short-term downtrend.
- EMA7 is below EMA25, suggesting a bearish trend.
- RSI14 is around 43.49, indicating a neutral to slightly bearish sentiment, not yet oversold.
- MACD is negative, reinforcing the bearish signal.
**Advice:**
- **Long Entry:** Consider a long position around the support level of 0.017, with a stop loss below this level.
- **Short Entry:** A short position could be considered around the current resistance or slightly above it, around 0.0191, with a stop loss above this resistance.
- **Spot Buy:** The best spot buy price would be around 0.017, aligning with the support level.
Keep in mind that technical analysis is not a certainty, and market conditions can change rapidly. Always manage your risk with appropriate stop-loss levels.