🤖 AI Insight

Based on the 1h technical analysis of EGLDUSDT:

**Current Situation:**
The current price of 13.07 is above the EMA7 trend line but below the EMA25 trend line, indicating a bearish downtrend. The RSI14 is at 33.30, suggesting that the price is oversold. The MACD is slightly bearish.

**Recommendation:**
Considering the bearish trend and oversold condition, a long entry could be considered at the current price or even lower around the support level of 12.74. If a long position is taken, set a stop-loss below the support and target the next resistance level of 14.23.

**Long Entry Price:** 12.74 (near support)

**Long/Short Entry Price:** 12.74 (near support) or 12.50 (lower support level)

**Best Spot Buy Price:** After a bounce from support level, looking for a spot buy price around 12.95 to 13.15, allowing for a higher entry with a potential target of 14.23.