🤖 AI Insight

Based on the provided technical analysis, here is my interpretation of CAKEUSDT's (CAKE on the USDT trading pair) weekly chart:

- Long Position Entry Price Advice: Consider entering the long position when the price touches, or briefly surpasses, the support level of 1.116, signaling potential buying interest and a possible bullish trend continuation.

- Short Position Entry Price Advice: Enter the short position when the price drops below the resistance level of 5.243 and remains below for some time, indicating a potential bearish trend reversal or downtrend continuation.

Please take note that these entry points are based on analyzing the current week's charts. To find the best entry point, you should consider comparing these long/short entry prices to previous movements and considering market sentiment, momentum, and risk management strategies.

As for the Spot Buy Price Advice, given the decreasing volume trend mentioned, consider waiting for a consolidation or retracement phase before initiating a spot buy order, particularly if you are aiming for a long position. This will give opportunity for volume to rise, potentially allowing for a stronger bullish movement.