🤖 AI Insight

Based on the technical analysis of CAKEUSDT at 4H:

**Trend:** The price is currently downtrending, with the EMA7 and EMA25 indicators showing a downward slope. The MACD is also negative, confirming the bearish trend.

**Support and Resistance:** The price is hovering near the support level of 2.353. A break below this level could lead to further downside, while a bounce above this level could signal a potential reversal. The resistance level at 2.859 is still far away, but it's a key level to watch for a potential bullish reversal.

**RSI and Volume:** The RSI14 is oversold at 33.44, which could lead to a bounce or consolidation. However, the decreasing volume trend suggests that the selling pressure is still dominant.

**Entry Prices:**

* **Long Entry:** Consider buying at 2.353 (support level) or 2.35 (rounded spot price) with a stop loss below 2.32. The target could be 2.411 (EMA7) or higher.
* **Short Entry:** Consider selling at 2.411 (EMA7) or 2.42 with a stop loss above 2.45. The target could be 2.353 (support level) or lower.

**Spot Buy Price:** The best spot buy price could be around 2.35, which is close to the support level and the rounded psychological level.

Please keep in mind that this is a technical analysis and not a trading recommendation. Always do your own research, set proper risk management, and trade responsibly.