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📊 Analysis: FORMUSDT (1w)

Price: 2.9502 | EMA7: 2.72 | EMA25: 2.41 | RSI14: 67.46 | Resistance: 3.0733 | Support: 1.27 | Average Volume: 25729066.86 | Volume Trend: Decreasing

🤖 AI Insight

Based on the current chart pattern of FORMUSDT, here are my observations and recommendations:

**Uptrend**: The price is currently above both the EMA7 and EMA25, indicating an uptrend. The RSI14 is at 67.46, which is in the overbought territory, suggesting a potential reversal or consolidation.

**Best Long Entry**:

* I recommend entering a long position when the price breaks above the 50% Fibonacci level of the recent swing high and low, which is around 3.04.
* Set your stop-loss below the recent swing low, around 2.65.

**Best Short Entry**:

* I recommend entering a short position when the price breaks below the 50% Fibonacci level of the recent swing high and low, which is around 2.85.
* Set your stop-loss above the recent swing high, around 3.25.

**Best Spot Buy**:

* If you're looking to buy on a spot basis, I recommend waiting for a pullback to the 200% Fibonacci extension level of the recent swing high and low, which is around 2.65.
* This level provides a reasonable risk-reward ratio and a good spot to enter a long position.

Please keep in mind that these are general recommendations and not personalized advice. It's essential to consider your own risk tolerance, market conditions, and trading strategy before making any trades.