🤖 AI Insight

For CAKEUSDT on a 1-day chart:

- The current price is 2.023, below both EMA7 (2.131) and EMA25 (2.277), indicating a downtrend.
- RSI14 is at 35.186, suggesting the asset is nearing oversold territory, which might indicate a potential reversal or consolidation soon.
- MACD is negative (-0.0777), reinforcing the bearish sentiment.
- The nearest resistance is at 2.948, and support is at 1.522.

**Advice:**
- **Long Entry:** Consider entering long around 1.8-1.9 if the price bounces off the support level or shows significant bullish reversal signs. A break above EMA7 and EMA25 with increasing volume could strengthen the bullish case.
- **Short Entry:** Could be considered around 2.1-2.2 if the downtrend continues, especially if the price fails to break above EMA7. A short-term target could be the support at 1.522.
- **Spot Buy:** A good spot buy price could be around 1.7-1.8, nearing the support level, with a tight stop loss below 1.522 to limit risk.

Keep an eye on the volume trend; a decrease in selling volume could signal a potential bottom. However, if the downtrend continues with increasing volume, it may reinforce the bearish outlook.