🤖 AI Insight

Based on the provided 4-hour technical analysis of TOWNSUSDT, here is the summary:

Price: 0.02469
EMA7: 0.0249526491018
EMA25: 0.024223873838594
RSI14: 54.275545201521
MACD: 0.00042094731736088
Resistance: 0.03344
Support: 0.02151
Average Volume: 146185562.78
Volume Trend: Decreasing

Best Long Entry Price: In the current downtrend, I advise waiting for a breakout above the resistance of 0.03344 and confirmation by the MACD and RSI parameters before considering going long. Once confirmation is reached, consider entering the long position around the close of the candle above the resistance.

Best Short Entry Price: Given the current trend and decreasing volume, traders may prefer to hold off selling short due to potential increased recovery. However, if you decide to go short, watch for a retracement below the support level of 0.02151 before placing a sell order.

Best spot buy price suggestion: Considering the downtrend and decreasing volume, I would suggest waiting for a retracement below the support level of 0.02151 before considering a buy position to minimize risk. Monitor the close of the candle below the support level and the subsequent recovery to confirm the buying signal.