🤖 AI Insight

Based on the 1h technical analysis of QTUMUSDT:

**Trend:** The price is currently below both EMA7 (2.849) and EMA25 (2.899), indicating a short-term downtrend.

**RSI:** RSI14 is at 32.83, which is in the oversold territory, but not extremely oversold. This could indicate a potential for a bounce back.

**MACD:** The MACD is negative (-0.022), confirming the short-term downtrend.

**Support and Resistance:** The price is currently near the support level of 2.591. If it breaks below this level, it may continue to decline. The resistance level is at 3.123, which is far from the current price.

**Volume:** The average volume is decreasing, which indicates a lack of interest in the market.

**Entry Prices:**

* **Long Entry:** Consider buying at 2.591 (support level) or around 2.65 (a potential bounce-back level). Set a stop loss below 2.55.
* **Short Entry:** Consider selling at 2.80 (current price) or around 2.85 (near EMA7). Set a stop loss above 2.90.

**Spot Buy Price:** If you want to buy at a spot price, consider 2.65 - 2.70, which is a reasonable price level for a potential bounce back.

Keep in mind that this analysis is based on 1h chart and is subject to change. Always do your own research, set stop losses, and manage your risk.