Price: 0.1877 | EMA7: 0.18 | EMA25: 0.19 | RSI14: 48.57 | Resistance: 0.84 | Support: 0.107 | Average Volume: 37072929.62 | Volume Trend: Increasing
Based on the 1-week technical analysis of TKOUSDT, I'd provide the following insights:
* The price is currently at 0.1877, indicating a bearish trend.
* The EMA7 is below EMA25, confirming the bearish trend.
* The RSI14 is at 48.57, suggesting a moderate selling pressure.
* The MACD is negatively trending, indicating a potential bearish continuation.
* The immediate resistance is at 0.184, with a stronger resistance at 0.84.
As for the best Long/Short entry prices:
* Best Long entry: 0.178 (around 5% below current price), where the price could potentially bounce off support.
* Best Short entry: 0.198 (around 5% above current price), where the price could potentially drop to retest the support.
For the best spot buy price, I recommend waiting for a strong bullish signal, such as a breakout above the 0.192 level, indicating a potential reversal of the trend. This would set you up for a potential long trade with a buying price around 0.195. However, be cautious and monitor the price action to ensure a breakout is genuine before entering a long position.