🤖 AI Insight

Based on the technical analysis provided for CHESSUSDT on a 1-hour time frame, here's the overview:

Price: 0.07492
EMA7: 0.075152486737913 - EMA25: 0.07542701291861 - RSI14: 46.403483569639 - MACD: -3.0387151262773E-5
Resistance: 0.07789
Support: 0.0702
Average Volume: 578996.297
Volume Trend: Decreasing

To determine the best entry points for a Long or Short position, consider the following:

For Long:
- Aim to enter the trade when the price crosses above the EMA25 and confirms with the RSI crossing above 42 to show a bullish momentum. Meanwhile, the MACD histogram should indicate a positive value. Add to your position when price stabilizes above the 0.0702 support level.

For Short:
- Look for the price to cross below the EMA25 and be confirmed by the RSI dropping below 58 to indicate bearish momentum. Additionally, the MACD histogram should signal a negative value. Enter the trade when the price stabilizes below the 0.07789 resistance level.

For spot buy recommendation:
For a conservative entry, consider buying when the price crosses above the EMA25 level and the RSI gives a signal of upside potential with the value exceeding 50. Bear in mind that the MACD histogram should indicate a positive value during this intersection, and price firmly secures above the 0.0702 support level.

Remember that these conditions for entry points are for beginner traders. For more experienced traders, they may adjust the criteria based on their risk tolerance and desired trading style. Also, please consult with a financial advisor or conduct thorough research prior to any investment decision.