🤖 AI Insight

Based on the provided technical analysis for the ZENUSDT token on a weekly time frame, here are the suggested steps for placing Long and Short orders:

1. Long Entry:
- Wait for a buy signal to appear, considering the macd histogram to cross above the zero line and the MACD line to cross above the signal line.
- Alternatively, you could look for the RSI14 going above 44.74881233815 to indicate oversold conditions.
- Consider support levels ranging from 5.78 to 12.0, especially as the price approaches them. Going beyond these levels signals a potential buy opportunity.
- Enter when a candlestick closes above the resistance levels mentioned (e.g., above 46.28).
1. Short Entry:
- Wait for a sell signal, such as a bearish crossover in MACD or the RSI14 crossing below 44.74881233815, indicating oversold conditions.
- Monitor the price bottoming out near or below the support range of 5.78 to 12.0.
- Enter the trade when a candlestick closes below the resistance levels mentioned (e.g., below 46.28).

Additionally, keeping an eye on decreasing volume trends might be beneficial to ensure a likely market move before placing your trade. Entering trades below major moving averages such as the EMA7 (9.4298748457028) and the EMA25 (11.358778301373) could be considered as well.

As an AI assistant, I recommend consulting with a financial advisor or conducting extensive research before making any investment decisions based on these insights.