🤖 AI Insight

Based on the provided technical indicators, I will offer some insights and advice on potential entry points for a long and short trade in CAKEUSDT. Please note that this analysis is a snapshot taken at 15 minutes' timeframe and performance in the future cannot be guaranteed. Always ensure you are following a well-diversified investment strategy and consult with a financial advisor before making any investment decisions.

Long trade entry points:
1. Wait for a crossover of the Exponential Moving Averages (EMA7 and EMA25) to indicate a bullish trend. In this case, a bullish crossover should occur around the current price level (2.292). Once the crossover happens, placing a buy order at the best available price could be a valid entry point.
2. Apply a trendline support to ensure you enter a bullish trend and not a parallel or declining trendline. Consider a confirmation from the RSI (49.374), MACD (negative value), and appropriate chart pattern, ensuring that these indicators align in favor of a long entry.

Short trade entry points:
1. Waits for Bearish Confluence (like price breaking below the EMA25, RSI under 50, and MACD generating a bearish crossover) before placing a sell order at the best available price.
2. Utilize trading pivot points, particularly the daily pivot point, as an additional means to verify a potential short trade opportunity.

Best spot buy price:
A careful observation should be made to filter out any entry during a bearish crossover of EMA7 & EMA25, a low RSI reading or a MACD value greater than 0 (meaning a bullish crossover), among other bearish indicators. Once a suitable entry point is identified, purchase CAKEUSDT at the lowest available price, ensuring the market confirms a bullish pattern before investing.

Keep in mind that market conditions can change quickly, and performing thorough analysis before making any trade decision (both long and short) is essential. Continuously monitoring your chosen indicators will improve your ability to make informed decisions based on market trends and potential reversals. It is recommended to set stop-loss orders for both long and short trades.