🤖 AI Insight

Based on the 1-hour chart technical analysis of 1000CHEEMSUSDT:

Advice: Considering the technical indicators, it's a good opportunity for a Long position.

Entry Price: Enter a Long position below the EMA7 at 0.0013501135000429, ideally at the Support level of 0.001324 for a tighter stop-loss (5-7% below the entry price) and a higher profit margin.

Stop-loss: Place it 5-7% below the entry price, around 0.0012464-0.0012418.

Target 1: Target 1 should be around the lower Resistance level, 0.001423. However, due to the current trend, it's recommended to achieve this target first and then reassess the situation for subsequent targets.

Target 2: After Target 1 is achieved, re-evaluate the market condition and aim for the next notable level. This might be around 0.001500 or higher.

Spot Buy: If you prefer a spot buy, you might consider 0.001324, the current Support level. It's essential to note that the Volume Trend is Decreasing, indicating possible market exhaustion, so be cautious when entering a spot buy.

Keep in mind that technical analysis is not a guarantee of the market's behavior, and all investment decisions should be taken with caution and thorough risk assessment.