Price: 0.01035 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 29.86 | Resistance: 0.0112 | Support: 0.01029 | Average Volume: 2576101.91 | Volume Trend: Decreasing
Based on the 1-hour chart of ZILUSDT, here's a brief analysis:
1. The price is currently at 0.01035, which is below the EMA25 (0.010549), indicating a potential sell signal.
2. RSI14 is at 29.86, indicating a strongly oversold condition, suggesting a potential bounce.
3. The MACD is bearish.
4. The Volume Trend is decreasing, which may indicate a lack of buying pressure.
Recommendations:
- Long Entry: Considering the oversold condition, a potential long entry could be at 0.0102, with a stop-loss at 0.0098, and target at 0.011.
- Best Spot Buy Price: Given the decreasing volume trend and the bearish MACD, I wouldn't advice buying at the current spot price. However, a spot buy could be considered at 0.0096, but with proper risk management and clear stop-loss.
Please note that this analysis is based on a 1-hour chart, and it's essential to consider higher timeframe charts and other analysis tools before making any trading decisions.