Price: 0.05431 | EMA7: 0.05 | EMA25: 0.06 | RSI14: 47.16 | Resistance: 0.295 | Support: 0.00373 | Average Volume: 947402791.73 | Volume Trend: Decreasing
Based on the given technical analysis, it appears that ZKUSDT (whatever ZK is) has been in a downward trend over the past week. From the daily chart, we can observe the following:
1. Short Term Moving Average (EMA7): 0.050240073264757
2. Medium Term Moving Average (EMA25): 0.058699665772378
3. RSI14: 47.156513799295
4. MACD: -0.0079243236655527
5. Resistance: 0.295
6. Support: 0.00373
7. Average Volume: 947,402,791.73014
8. Volume Trend: Decreasing
Advice:
When considering Long (Buy) trades, the ideal entry price to take profits would be around the 0.00373 support level, while the Sell (short) entry would be close to the 0.295 resistance level. The best price to enter Long when trading this coin would likely be after it touches or breaks the support level (0.00373). Conversely, it is advisable to enter short when the coin is close to the resistance level (0.295), or possibly after it breaks below the support level (0.00373).
When opting for short trades, consider using the MACD and RSI indicators as additional tools for confirming the entry with a higher degree of probability. Finally, keep in mind the increasing volume trend, as low volume support/resistance levels may lead to unstable price movements when trading.