🤖 AI Insight

Based on the 1d analysis of WALUSDT:

1. **Short Selling Recommendation:** Considering the bearish trend indicated by the decreasing volume trend and the MACD reading below the signal line, a short selling entry can be explored.
- **Entry Price:** Long-term support level of 0.062 is a potential target for a bearish reversal; however, given the current market price is 0.2162 and the bearish MACD, I suggest entering a short position near the EMA25 price (0.23223558469001) around 0.23.
- **Target Price for Short Position:** A possible profit target is the resistance level at 0.372; however, given the recent price action and decreasing volumes, the first short target is more likely in the vicinity of long-term support at 0.062.
- **Stop-Loss:** A suitable stop-loss could be near the entry price plus a reasonable margin, ideally above the previous peak around the EMA7, which is at 0.2259.

2. **Spot Buy Recommendation:** It appears that the current market price is slightly below the short-term EMA7, suggesting a possible pullback or short-term reversal. Given this and the low RSI level, a spot long position could be entered near the current price or slightly lower at 0.212. However, this is a higher-risk approach given the overall bearish trend.

- **Target Price for Spot Buy:** If entering near the current price, target would be at the 200 EMA price for a conservative estimation. However a more aggressive target could be near the middle of the short-term moving averages (EMAs) with possible stop-loss near or just above the support level at 0.062.