Price: 7.263 | EMA7: 7.52 | EMA25: 7.85 | RSI14: 40.95 | Resistance: 12.34 | Support: 6.55 | Average Volume: 579021.32 | Volume Trend: Decreasing
For ZENUSDT at 1d:
- The current price is 7.263, below both EMA7 (7.519) and EMA25 (7.845), indicating a downtrend.
- RSI14 is at 40.947, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend indication.
**Advice:**
- **Long Entry:** Consider entering long around the support level of 6.55 if it reaches there, as it could be a good value buying opportunity.
- **Short Entry:** You might consider shorting if the price bounces off resistance or fails to break above EMA7/EMA25, with a potential target around 6.55. A short entry near the current resistance or upon a failed attempt to break above 7.845 could be considered, with a stop-loss above 7.845 or 8.
- **Best Spot Buy Price:** Around 6.55, if the price reaches there, as it's a strong support level.
Keep an eye on the volume trend and overall market sentiment for confirmation. Always set stop-losses.