🤖 AI Insight

Based on the given 1-day chart of BOMEUSDT, here's my technical analysis:

- The EMA7 (7-day exponential moving average) and EMA25 (25-day exponential moving average) show that the asset has been in a downtrend, with EMA25 above EMA7. This suggests that the longer-term trend is bearish.
- The RSI14 (14-day relative strength index) is at 43, indicating that the asset is neither overbought nor oversold. This suggests a potential buying opportunity.
- The MACD (moving average convergence divergence) is negative, which further supports the bearish trend.
- The Average Volume is high at 5.3659 trillion, and the Volume Trend is Decreasing, indicating significant selling pressure.
- The price is currently at 0.001466, which is between the Support level of 0.00089 and the Resistance level of 0.003236.

Advice:
- For a Long position: Enter at 0.00135 (just above the Support level) with a target of 0.002 and a stop-loss at 0.00120.
- For a Short position: Enter at 0.0017 (just below the EMA25) with a target of 0.00090 and a stop-loss at 0.0020.
- For a spot buy: It's not recommended to buy at the current price, considering the bearish trend and the price being above the Support level. A better entry point would be at the Support level of 0.00089 or when the Asset forms a clear reversal pattern.

Please note that technical analysis is not a foolproof method and does not guarantee profits. It's essential to use it in conjunction with other forms of analysis, risk management, and market research.