Price: 6.95 | EMA7: 6.97 | EMA25: 6.98 | RSI14: 44.82 | Resistance: 7.54 | Support: 6.92 | Average Volume: 5288.41 | Volume Trend: Decreasing
Based on the 15m technical analysis of ZENUSDT, here's my assessment:
* The price is ranging between the support at 6.92 and the EMA25 at 6.9772. The RSI14 is around 44.82, indicating a neutral market.
* The MACD is trending downwards, suggesting bearish momentum.
* The price is trading below the EMA7, indicating a short-term bearish trend.
* The decreasing volume trend suggests low buying pressure.
Entry Strategy:
* Long/Short Entry: Sell at the current price 6.95, targeting the support at 6.92. Stop-loss can be set above the EMA25 at 6.9772.
* Long Entry: Buy when the price breaks and closes above the resistance at 7.54. This could happen if the price forms a bullish divergence with the MACD.
Spot Buy: I would not recommend buying at the current price due to the bearish momentum and decreasing volume trend. Wait for a better spot to enter the market, such as when the price approaches the support at 6.92 and forms a bullish chart pattern.