🤖 AI Insight

Based on the provided daily candlestick chart, the key levels to watch are:

Best Spot Buy Price: Utilizing the close price, the spot buy price is likely around 1.964 due to the support level mentioned. However, entering near the daily support levels could minimize the potential downside risk.

Best Long Entry Prices: Identify pullback retracement levels indicated by support and resistance levels. In this case, waiting for a pullback towards 1.964 would be a reasonable starting long entry price; ensure the RSI and MACD indicators signal a buy before entering the long position.

Best Short Entry Prices: Observe a trend reversal or if prices struggle below the support. A trend reversal, like a bullish inside bar or engulfing pattern, would be an optimal entry point for short positions, ensuring the indicators signal a sell before entering the short position.

Volume Trend: With volume trend decreasing, it is advisable to wait for higher volume confirmations before initiating any trades, as higher volume could indicate market interest and potential trend continuation. Monitor the price action near the significant levels mentioned above.