🤖 AI Insight

Based on the provided daily technical analysis for SHELLUSDT (Shell Token), I will give my insights and recommend the best entry points for long and short positions, along with a spot buy price. Please keep in mind that I'm making these suggestions based solely on the data provided, while ignoring other factors to keep it simple. Always consider consulting with a financial advisor for personalized advice.

Long Entry Price: Waiting for a pullback to the Support level (0.1077) before going long. In case of weaker support, wait for the following levels:
1. EMA7 (0.1460606009163) or EMA25 (0.15147107411434) acting as support before initiating a long trade.

Short Entry Price: Waiting for a break above the Resistance level (0.2865) before initiating a short trade. If the resistance is weak or bullish momentum is strong, consider waiting for the following levels:
1. Crossing below the EMA7 (0.1460606009163) followed by EMA25 (0.15147107411434) as an additional confirm of the bearish trend.

Spot Buy Price: Buy SHELLUSDT when RSI14 (44.242309796276) improves, indicating bullish sentiment, and breaks above 50, or when the daily candlestick proves a bullish engulfing pattern against the current bearish trend. Make sure to keep an eye on volume spikes indicating potential market interest revival.

Best practices suggest placing stops below previous support levels or below the very recent swing low to minimize potential risks. Keep a close eye on the Volume Trend, as a decreasing volume should be a cautionary sign before initiating any trade, as it may signify a potential bearish reversal.