🤖 AI Insight

Based on the provided 1-hour chart analysis of ACAUSDT, here is my interpretation:

- Long entry: Given the slight increase in EMA (Enhanced Moving Average) values, especially the 7-period EMA, short-term traders can consider entering a long position when the current price breaks above the 25-period EMA (30-point bar chart) level, currently around 0.0293. A conservative entry level would be around 0.0294 considering the RSI value at near the oversold region (below 30 indicates oversold).

- Short entry: Traders aiming for short positions can consider entering at a higher price than the conservative long position entry mentioned above. As suggested by the 7-period EMA, a short entry could be attempted around 0.0298 or 0.03 to ensure a higher probability of the momentum staying weak and the price continuing to decrease.

- Best Spot Buy Price: Considering the recent decline in volume along with MACD's negative signal, a more cautious approach is advised when spot-buying ACAUSDT. You could wait for a minor pullback, validating the price below 0.0291 (25-period EMA), before initiating a long position. This pullback will help ensure the market starts to stabilize and possibly signal an uptrend reversal.

Remember that I am a AI language model, and trading is a risky endeavor where knowledge, experience, and diversification are essential. Always follow your established strategy, seek professional advice if necessary, and make well-informed decisions.