🤖 AI Insight

Based on the provided 1-hour chart analysis, the current price of WAXPUSDT is 0.02011. This signal suggests that the coin might be oversold and could provide a trading opportunity. I will provide advice for both a long and a short entry strategy, along with a spot buy recommendation.

Long Entry Strategy:
Crossing conditions:
1. Close the price above the EMA7 (0.020238624607577) for a reliable trend confirmation signal.
2. Await a pullback towards the Support (0.01949) level before taking your position.
3. Place a stop-loss order below the Support level to minimize potential losses.
4. Consider using a trail stop-loss strategy to adjust your stop-loss level as the price moves in favor of your trade.

Best Long Entry Price: The best entry price will depend on the behavior of WAXPUSDT as it approaches the Support level. A conservative approach would be to enter when the price nears the Support, say within 10-20% of the Support level (e.g., 0.0200-0.0202).

Short Entry Strategy:
Crossing conditions:
1. Close the price below the EMA25 (0.020178330573247) for a reliable trend confirmation signal.
2. Await a retest of the Resistance level before taking your position.
3. Place a stop-loss order above the Resistance level to minimize potential losses.
4. Consider using a trail stop-loss strategy to adjust your stop-loss level as the price moves against your trade.

Best Short Entry Price: As the price approaches the Resistance level, wait for a retest before entering the short position, for example near the level of 0.02084.

Spot Buy Recommendation: I recommend buying WAXPUSDT when the price crosses above the EMA7 after confirming the uptrend (price above the EMA7) and supports a higher EMA25 crossover. To secure a more conservative entry, wait for a minor pullback towards Support levels around the 0.01975-0.01999 before purchasing.

Conclusion: As the price is below the EMA25 and RSI14 suggests slowing momentum recovery, it seems like a relatively unsuitable time to enter long positions. According to the current market conditions, an optimal buying opportunity could occur once EMA indicators align and a minor pullback indicates a more secure entry point, within Support zones.