Price: 662.11 | EMA7: 664.12 | EMA25: 665.97 | RSI14: 40.06 | Resistance: 674.8 | Support: 648.01 | Average Volume: 6117.85 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of BNBUSDT:
- The price (662.11) is below both EMA7 (664.12) and EMA25 (665.97), indicating a short-term downtrend.
- RSI14 is at 40.06, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative (-1.07), supporting the bearish sentiment.
**Long/Short Entry Advice:**
- For a **Long** position, consider entry around the support level at 648.01, with a stop loss below this level.
- For a **Short** position, entry could be considered near the resistance at 674.8 or upon a break below 648.01, confirming further downside.
**Best Spot Buy Price:**
A reasonable spot buy could be around 648.01, given it's a support level. However, waiting for a confirmation of bounce or a strong bullish reversal signal from this level could provide a better entry.
Keep in mind, strict risk management is advised, and stop-loss orders should be used.