🤖 AI Insight

From the given chart analysis of COWUSDT for the past week, we can identify key levels and indicators.

Best Long Entry Price: This cryptocurrency seems to have found initial support at around the 0.1311 mark (Support Value), which could be a potential buy point if it holds strong. Given the current situation, considering the RSI (Relative Strength Index) value at 38.180060932595, suggesting oversold conditions, a buy signal might emerge near or slightly above this support level.

However, patience is key when entering a long position in a bearish market. You could wait for the next support level in case the price pierces through the initial support, acting as secondary support, but also confirming it as even more essential.

Best Short Entry Price: To identify a potential short entry price, we should focus on the current resistance level, which stands around 1.23. If the price breaks and closes below these resistance levels, it may indicate a potential entry point for shorting the token.

Spot Buy Price: As mentioned above, considering the oversold RSI value, using the support levels (if they hold) as buy points is advisable. Yet, to further validate the buy signal, wait for a bullish candle closure above the initial support and confirming its strength.

Advisory: Due to the bearish momentum observed over the last week, I would recommend الانتظار until we have stable signs of a bullish reversal, like closing above the initial support level and demonstrating the support being sufficient in the coming days. This approach minimizes risks when entering the market amidst significant downtrend conditions.