🤖 AI Insight

Based on the provided 1-day technical analysis chart for CVCUSDT, the short-term outlook suggests that the current price of 0.0894 is within the support level of 0.0791. The EMA values indicate the following entry points:

1. Long entry: If looking to go long (buy), consider entering the trade when the price surpasses the 7-day EMA (0.091016807465369), or the 25-day EMA (0.093621475228354).
2. Short entry: If considering a short trade (sell), enter the trade when the price drops below the 7-day EMA (0.091016807465369) or the 25-day EMA (0.093621475228354).

Considering the current price is at a support level, however, caution should be taken when entering long positions. It might be better to wait until the price strengthens above the support level and confirms a potential bullish trend. Meanwhile, consider risk management strategies to minimize potential losses while waiting for the market dynamics to shift.

As for the spot buy price, considering the decreasing volume trend, it would be advisable to monitor the market for a break above the resistance levels at 0.0947 and 0.1111 to confirm a trend reversal and initiate a buy position.

In summary, with the current price slightly above the support level, it is advisable to adopt a wait-and-watch approach before making an entry. If you decide to enter the market, consider the suggested Long entry criteria. Stay alert for potential trend reversal signals above the resistance levels to initiate your spot buy.