Price: 9.85 | EMA7: 9.67 | EMA25: 9.03 | RSI14: 73.43 | Resistance: 10.45 | Support: 7.85 | Average Volume: 55327.05 | Volume Trend: Decreasing
In Technical Analysis of ZENUSDT at 4h time frame, I will provide an overview and give advice on entry points:
1. Best Spot Buy Price: ZEN token's current exchange price (at the time of writing this) is approximately $9.85. It is recommended to buy ZEN when it tests or breaks the support level mentioned at $7.85 or higher to start the potential price appreciation.
2. Best Long Entry: As the price is already close to the support level and considering the analyzed indicators - EMA7, EMA25, RSI14, and MACD, a safer long entry would be when ZENUSDT holds above the EMA25 around $9.03, while RSI shows overbought conditions approaching 70 and MACD sustains its positive movement. A secondary long entry could also be at $9.85 or above if the price breaks the support effectively.
Reversing the above:
3. Best Short Entry: Below the resistance area at $10.45, ZENUSDT might be considered for a short entry. Another entry point, if considering a further dip, would be when the price breaks and holds below the support level at $7.85.
Remember, these are general suggestions, crypto prices can be unpredictable, and it's essential to conduct thorough analysis before making any trading decision based on my advice. Additionally, considering risk-management strategies is vital when entering these types of markets.