🤖 AI Insight

Based on the 1h technical analysis of API3USDT:

- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 34.60, suggesting the asset is nearing oversold territory, potentially due for a bounce.
- MACD is negative, reinforcing the downtrend.

For a **Long position**, a good entry could be around the support level of 0.584, with a stop loss below this level. A more conservative entry would be after a clear reversal signal (e.g., RSI entering oversold and then moving upwards, or MACD turning positive).

For a **Short position**, consider entering around the resistance level of 0.653, with a stop loss above this level. Currently, the price is far from this level, so waiting for a rally towards 0.653 could be a strategy.

For a **Spot Buy**, a good price would be around 0.584, as it is a strong support level. However, if it breaks this level, it might continue to fall, so closely monitor the price action around this level.

Keep in mind that technical analysis is not foolproof, and market conditions can change rapidly. Always manage your risk.