🤖 AI Insight

To provide you with suitable advice, I'll analyze the trade recommendation based on your given data for TKOUSDT over a weekly time frame.

BEST LONG ENTRY PRICE: I would suggest entering a long position if the price closes above the RSI14 (Relative Strength Index on a 14-day time frame) resistance level of approximately 36.83 (as shown by the RSI indicator). With the current data, the RSI14 value indicates a certain oversold condition, but not at the extreme level suggesting a strong buy signal. Thus, wait for the RSI14 to reach the oversold area near 30 or cross the resistance level of around 36.83, before going long. This may give a better entry point allowing the currency to show signs of bullish momentum before committing capital.

BEST SHORT ENTRY PRICE: For going short, wait for the price to close below support at 0.0627, which is the long-term support level that has held quite well according to the provided data.

BEST SHORT TARGET PRICE: With the weekly data you shared, the nearest supply area seems to be around 0.17 - 0.20 region. Aggressive short traders should set their target higher, towards the recent weekly high near 0.2398. Moderate or patient traders should aim for the weekly support zone mentioned earlier before closing the position.

BEST LONG TARGET PRICE: The closer reasonable target for long traders should be the recent weekly low around 0.08492. For more conservative long traders, the second target can be set around the earlier support zone near 0.11418.

Considering weekly data, the pair tends to be bullish on reaching higher levels with a stronger support near 0.0627 and also showing decent trading movement near the resistance of 0.1142. Keep in mind that this analysis is based on the provided weekly data, and the situation may vary over time, including weekends. Always check the latest information and consult an extended view using various timeframes such as daily, 4-hour or hourly charts.

Additionally, you may consider using a trailing stop-loss strategy when taking long positions to secure your profits and minimize potential losses if the price reverses.

Using technical indicators like this helps give a general perspective on trends and areas that could potentially be good for entry points. Remember that price action may present additional clues during market dynamics, so it's crucial to also observe price movements and volume levels when determining your decision points. Note that the analysis provided is narrow and focuses on weekly data while ignoring other factors such as key points, news events, and market sentiment. I recommend monitoring the asset closely across multiple timeframes, including daily, quarterly, and even monthly to gain broader insights and market context into the trade.