🤖 AI Insight

Based on the information provided:

1. Best Long entry price: Wait for the price to consolidate below the EMA25 (around 5593.57) and confirm with a bullish crossover of the Moving Average Convergence Divergence (MACD) indicator. Once these conditions are met, you can enter a long position at a slightly higher price than the confirmed crossover point.

2. Best Short entry price: Wait for the price to break and close below the support level of 4550. This will indicate a change in trend, and you can enter a short position using this breakout as your entry point.

3. Best spot buy price: Confirm a bullish trend with the RSI14 (Relative Strength Index) being above 50 and price staying above the EMA7 (5929.14). Place a buy order when these Confirmation Points are met, but wait for a pullback or consolidation within the support and resistance levels before initiating the trade to ensure a more favorable risk-to-reward ratio.

4. Remember to also pay attention to potential reversal candlestick patterns like Doji, Engulfing, or Shooting Star, which may indicate a change in trend or a potential entry/exit point.

I recommend to closely monitor the moving averages, RSI, MACD, and candlestick patterns for optimal entry point decisions. Ensure you establish proper stop-loss orders and adjust your risk management accordingly based on your risk tolerance and preferences. Remember, it is essential to do your own research and consider seeking advice from a financial professional before making any investment decisions.