🤖 AI Insight

Based on the provided 1-day chart analysis, here are the observations and recommended entry points for long and short positions:

For Long Position:
1. Long positions should be considered near support levels, such as 25.07 or even the stronger level of 20.71. When entering long, wait for a price pullback to these levels before initiating the trade.
2. A buy signal can also be generated when price crosses above the EMA25 and EMA7 levels, and RSI moves above 50, indicating a bullish momentum shift. In that case, wait for confirmation with a close above 45.83 before opening a long position.
3. Set stop-loss orders below recent swing lows or the EMA25 level to manage potential risk.
4. Take profit targets can be set around the most recent swing highs or the EMAs (e.g., around 41.73 or 45.83).

For Short Position:
1. Short positions could be considered when price breaks below the EMA25 and EMA7 levels, and RSI falls below 50, suggesting a bearish momentum shift. Wait for confirmation with a close below the support level at 25.07 before initiating a short position.
2. Set stop-loss orders above recent swing highs or the EMA25 level to manage risks.
3. Take profit targets can be set around the most recent swing lows or the EMAs (e.g., around 41.73 or 20.71).

Additionally, keep in mind that due to the decreasing volume trend, a potential slowdown or decreasing momentum strength could indicate caution during either entry or exit, and refrain from overextending trades until more volume revival and upward price movement. Always do your own research and consult with a financial advisor before making any investment decisions.