🤖 AI Insight

Based on the provided technical analysis, here is some insight into EIGENUSDT:

1. Best Long Entry Price: When we look at the short-term EMA (exponential moving average), I recommend considering a long entry when the price crosses above the 7-day EMA (currently at 1.097398212593) as that indicates a potential bullish momentum.

2. Best Short Entry Price: For short positions, the best entry point would be when the price briefly touches the 25-day EMA (currently at 1.1224239920471) and reverses back down, indicating a potential bearish momentum.

3. Spot Buy Price: If you aim to purchase Eigen (EIGEN) directly, consider a spot buy when the price reaches the support level of 1.029 as indicated on the chart. At this point, the downward pressure may weaken, allowing for a possible bullish reversal.

4. Recommended Waiting Period: Wait for price confirmation when going long (buying EIGEN) or short (selling short) before executing your trade. Monitor the price movements, technical indicators, and pay attention to potential resistance and support levels. Additionally, remain aware of news and information related to Eigen ecosystem to better assess market sentiment.

5. Trend Analysis: Based on the decreasing volume trend, we witness a bearish trend for the hourly chart with support around 1.029. On the other hand, the RSI and MACD indicators (Both on the hourly chart) indicate a possible turnaround, suggesting the trend might transition to bullish soon.

In summary:

1. Best Long Entry Price: Cross above 1.097398212593 (7-day EMA)
2. Best Short Entry Price: Cross below 1.029 (hourly support)
3. Recommended Waiting Period: It is advisable to wait for price confirmation before executing any trades
4. Spot Buy Price: 1.029 (hourly support)
5. Monitor MACD and RSI on the hourly chart for potential bullish momentum. A trend reversal is observed in hourly indicators which implies that the trend might shift from bearish to bullish.