🤖 AI Insight

Based on the technical analysis of ZENUSDT (Zencash) on a 1-hour time frame, the current price is 7.265 USDT. The key moving averages to monitor are the 7-day exponential moving average (EMA7) at 7.2883 and the 25-day exponential moving average (EMA25) at 7.3050.

The Relative Strength Index (RSI14) is at 45.17, indicating that the asset may be relatively neutral, but suggesting that a potential bullish move might occur. The MACD is -0.0131, which is somewhat negative but also shows potential for a bullish momentum.

In terms of resistance and support levels:
1. Resistance: 8.218 USDT
2. Support: 7.14 USDT

As the volume trend is decreasing, it might be a good idea to watch for an increase in volume volume before making a trade. Monitor the price action closely near the resistance and support levels to catch the best entry points for buying or selling ZENUSDT.

Advice on best entry prices:
1. For a Long entry (buy): Await an increase in volume and watch for a breakout above the resistance level of 8.218. Your best entry would be during the breakout or slightly after to capture the potential bullish momentum.
2. For a Short entry (sell): Wait for a break below the support level of 7.14 before initiating a Short trade. Place your stop loss order slightly above the support level to reduce potential losses.

Advice on best spot buy price:
Given the decreasing volume trend, it is recommended to wait for an uptick in trading volumes before buying ZENUSDT. Once volumes rise, monitor the price action around key levels (resistance at 8.218, support at 7.14) to identify optimal purchase opportunities.