🤖 AI Insight

Based on the provided technical analysis chart, here is my commentary:

Since we are aware the trading pair is LQTYUSDT, let's break down the information provided:

1. Price: The current trading price is $0.553.
2. EMA7: EMA (Exponential Moving Average) with a 7-day period is $0.63411492524081.
3. EMA25: EMA with a 25-day period is $0.82748213451413.
4. RSI14: Relative Strength Index (RSI) with a 14-day period is 39.380470626795.
5. MACD: Moving Average Convergence Divergence is -0.11896540225461.
6. Resistance: A support level of 2.88 is considered as a potential resistance.
7. Support: Opposite to the resistance, there is a support level of $0.15.
8. Average Volume: The average trading volume over the given timeframe is $275,734,491.47 ($2757.34M).
9. Volume Trend: The trading volume has been decreasing over the observed period.

Advice:

1. Long Entry: Given the trend and trading volume decline along with the indicators RSI and MACD, I recommend looking for a rebound before considering going long. Waiting for a cross above the EMA7 ($0.63) and MACD's exponential line crossing above its signal line could be a suitable entry point to go long at a Long Entry price around $0.57.

2. Short Entry: Given the current bearish trend, the asset might continue to decrease. In this scenario, a Short Entry could be considered after testing the support level ($0.15) or after confirmation of a bearish cross below the EMA25. A conservative strategy would be to wait for confirmation of a cross below EMA25 before going short at a Short Entry price around $0.17. However, be cautious of potential reversal patterns near the support levels ($0.15 to $0.16) that could save the signal.

3. Spot Buy: For those looking to buy the spot at spot prices for holding or day trading, the spot buy price should be set near the current support level ($0.15). However, as mentioned earlier, be cautious of potential reversal patterns near support levels ($0.15 to $0.16). If a potential bullish reversal is observed before buying, wait for a cross above the EMA25, with an even more secure buy entry around $0.15 (resistance was broken, and it might be strengthened as support).

Please note that these recommended buy/sell points are just guidance, and actual entry points might vary depending on your risk tolerance and trading style. Conduct further analysis and cross-check with other indicators before making a trading decision, taking into account the chart patterns, trends, and volume fluctuations to secure a smarter trading approach.