🤖 AI Insight

Based on the provided technical analysis for SPELLUSDT, here's my response:

1. Best Long Entry Prices: When we take the EMA25 (slightly longer term) as a reference and it supports the current price or overbought RSI values at around 50, looking for a pullback, you might consider entering long around 0.0004403 (support level) with a stop loss below. However, since the overall trend is bearish, patience is advised to see a more favorable entry point.

2. Best Short Entry Prices: If you believe in the bearish trend and waiting for lower prices is not suitable for you, consider taking short positions when the price breaks and stays below the EMA25, or when overbought RSI values drop below 50. These could be at the Support levels mentioned earlier (0.0004403 and 0.0005092, or 0.0004888) in combination with a valid signal, such as a bearish candlestick pattern after a strong bullish candlestick.

Spell (SPELL) is a relatively new and highly volatile cryptocurrency. It's essential to employ stop-loss orders to manage risks, keeping in mind that the market is still developing quickly, and the price might go higher even while being bearish technically. Monitor the mentioned levels closely and follow other technical indicators like MACD and volume trends before taking any trading decision.