🤖 AI Insight

Based on the 1-day chart provided, here's a brief analysis and advice on entry points for a long (buy) and short (sell) position, as well as the best spot buy price:

1. Long (Buy) Entry Prices:
- Long-term: Wait for a bullish candle to close above the resistance level of 0.0877 (current resistance mentioned in your chart might refer to the daily closing price).
- Short-term: Considering the decreasing volume trend, consider entering your long position when the price closes above the 50-day EMA (currently at circa 0.0547).

2. Short (Sell) Entry Prices:
- Long-term: Wait for a bearish candle to close below support level 0.0425 (current support mentioned in your chart might refer to the daily closing price).
- Short-term: Enter your short position when the price closes below the 50-day EMA (currently at circa 0.0547).

3. Best Spot Buy Price:
As a precautionary measure, you should consider some tolerance for entry slippage given the decreasing volume trend. For a best spot buy price, wait for a close above the lowest point between (a) prices marked by the dark green vertical line and (b) the blue horizontal level of 0.04900 (price level where you can find the yellow horizontal line and most recent swing low). This will provide some buffer, ensuring a more secure entry point before crossing the 50-day EMA (0.0547 for the current chart). Also, make sure you place a stop loss based on the current RSI level near overbought conditions (RSI14 > 70) to minimize potential loss from an uptrend reversal and place a take-profit target close to the recent swing high at around 0.05613 mentioned as the red horizontal level.

Please make sure to always consult with a financial advisor before making any trading decisions, as the provided information is informational only and does not constitute financial advice.