🤖 AI Insight

Based on the provided technical analysis, here's my understanding and advice regarding entering Long or Short positions in QKCUSDT (Quriscoin USDT):

1. Long entry recommendation:
Consider entering Long positions if the price breaks and holds above the EMA25 (0.00802172) line. An effective Long entry price would be around 0.0080 ($0.80 USD based on the assumed 100 USDT to 1 USD conversion ratio).

1. Short entry recommendation:
If you want to take a Short position, target entering when the price breaks and holds below the EMA7 (0.0072904779634907) line. A possible Short entry price is around 0.0073 ($0.73 USD).

1. Best spot buy price recommendation:
For a buy recommendation rather than a Short or Long entry, look for a consolidation or pullback in the price towards the support level of 0.005138 ($0.51 USD). Ideally, wait for a breakout or confirmation of support before purchasing QKCUSDT coins.

1. Take Profit targets:
If taking a Long position, consider setting a Take Profit (TP) target around the recent high at 0.0178 ($1.78 USD) or slightly beyond; if taking a Short position, consider setting your TP target at around the recent low at 0.000386 ($0.04 USD). Adjust these targets based on your risk management strategy and desired profit levels.

1. Stop Loss (SL) guidance:
Consider setting your SL lower than the support level mentioned above, around 0.0049 ($0.49 USD), to ensure adequate risk management.

1. Daily Trends:
The observed decreasing average volume indicates potential bearish sentiment and volatility. Keep an eye on the support levels mentioned, as strong support or resistance influences market sentiments which drive the trend further. Additionally, pay attention to any significant news or events related to QKC, as it can significantly impact the price trends.