🤖 AI Insight

Based on the given technical analysis of BOMEUSDT, here are the suggested actions:

1. Best Long Entry Price: Monitor the prices closely, as the short-term moving averages (EMA7 and EMA25) tend to serve as reliable support levels first before breaking above them. At the moment, the resistance is near 0.001715, which is the key level to overcome for bullish confirmation.

2. Best Short Entry Price: If BOMEUSDT remains below its 25-hour moving average, looks promising for potential short entry points. Keep an eye on the EMA25 as a potential entry level, and consider entering positions when it drops below this line.

3. Best Spot Buy Price: Wait for BOMEUSDT to stabilize above the 25-hour moving average and consider spot buying the market once it clears this level, likely indicating bulls gaining momentum and potential for higher prices.

4. Risk Management: As the 12-hour RSI (42.40) is slightly neutral, short-term overbought or oversold conditions aren't strongly indicated. Thus, exercise caution when entering a position and consider using stop-loss orders to mitigate potential losses. Place a stop-loss below the preceding swing low to protect against unexpected declines.

5. Stop-loss for long positions: Once short positions are taken, set a stop-loss slightly above the EMA25 to safeguard potential losses in case of a temporary rise in price against your position.

6. Stop-loss for short positions: For short positions, place a stop-loss slightly above the current high to counter any unexpected bullish momentum.

7. Volume Trend: With a decreasing volume trend, be cautious about potential price movements, as low volume confirms range-bound trading conditions, which may lead to false breakouts or potential counter-trends. Monitor volume closely when deciding to enter or exit positions.