🤖 AI Insight

Based on the given 1-day chart of EGLDUSDT, here are my observations and recommendations:

- The current price of $13.23 is below the EMA25 ($14.02), indicating a bearish trend.
- The RSI14 (42.54) is below 50, indicating the asset is in a neutral to bearish zone.
- The MACD is negative (-0.58), which suggests a bearish momentum.
- The Volume Trend is decreasing, which might indicate a lack of conviction among buyers.
- There is significant support at $11.4 and resistance at $22.1.

I would recommend a Long position if the price reaches:
- A spot buy entry: $11.4, but this is aggressive and may incur significant losses.
- A Long entry with a better risk-to-reward ratio: $12.5 to $12.8, with a stop-loss at $11.4.

However, considering the bearish trend, I would caution against buying the asset at the current price of $13.23. A Short position could be a more viable option, targeting a sell entry at:
- A short entry: The resistance at $22.1 is too far to aim for short entry, consider using $15 to $16 as a spot sell entry.

Remember to adjust the stop-loss and take-profit levels according to your risk appetite and market volatility.