🤖 AI Insight

In technical analysis, the key factors to consider when determining entry points for a Long/Short position include the moving averages, Relative Strength Index (RSI), and MACD (Moving Average Convergence Divergence). In this case, let's look at the potential entry points based on the provided data:

Long position:
1. Based on the RSI14, the oversold zone is between 30 and 40. The PIVXUSDT RSI is currently at 47.08, suggesting a possible long entry near resistances at 0.1309 or 0.1524.
2. Since the MACD line crossed above the signal line, this bullish crossover signals a potential bullish market sentiment. This can also indicate a favorable timing for a long entry provided the price holds around the EMA25 (0.1377) and EMA7 (0.1370).

Short position:
1. The EMA7 (0.1370) is acting as a strong support level, which coincides with the EMA25 (0.1377). A price drop below 0.1309 resistance would signal potential weakness in the short term. So, a shorter-term short entry could be considered below the 0.1309 support.
2. However, the current trend is showing a decrease in volume, which doesn't provide a strong bearish signal. It would be prudent to wait for a deeper decline before considering a short entry.

In regard to the support levels mentioned, the most suitable entry point for a long position could be near 0.1309, while the best entry point for a short position would depend on the chosen strategy, considering the mentioned potential support levels as entry options.

If you intend to do a spot buy of PIVX (PIVXUSDT), a suitable entry price would be around the current spot price, which is around 0.1361. This would position your buy order just above the short-term support provided by the EMAs (0.1370, 0.1377) for added confidence in the potential uptrend.