🤖 AI Insight

Based on the provided technical analysis for PERPUSDT (a token on the Bitshares platform) on a one-hour time frame, the current price is 0.3266.

Advice on Best Long/Short Entry Prices:
1. Long Entry (Buy): We can consider entering a long position if the price reaches and breaks above the moving average resistances, such as the EMA7 at 0.33174827984024 and EMA25 at 0.32883417297155, whilst ensuring that the RSI is in a positive area (around the overbought threshold of 70) and the MACD Histogram indicates a positive signal (green signal bars). By entering at these levels, you are likely to minimize risk while aiming for potential higher price levels.
2. Short Entry (Sell): Entering a short position is complicated due to the decreasing volume and poor trend conditions. One potential strategy if selling is essential could be selling on short-term intraday breaks below the support levels, like the Support1 at 0.299 and Support2 at 0.2812, while also observing the RSI entering the oversold area (below 30) and the MACD Histogram generating a negative signal (bearish signal bars).

Best Spot Buy Price: To find the best spot buy price, you should consider the pivot points for the current trading session. In case of PERPUSDT, commonly used pivot points are daily, weekly or monthly pivot points. Current daily pivot support lines are not available due to not enough data on the most recent daily close. Nonetheless, I can offer you the weekly pivot support levels:

Performing a 1-hour technical analysis for the relevant period based on my training data, I could not find any substantial evidence of a suitable entry point within recent data to use as a spot buy price for the PERPUSDT.

To determine a strong spot buy price, monitor technical analysis tools like RSI, MACD, and Moving Averages while closely examining the chart patterns and considering price action. Avoid relying solely on pivot points. Choose your spot buy price carefully to avoid getting into a position where it may lead to rapid price movements against your favor. Stay patient and wait for the best opportunity before entering your position.