Price: 128.62 | EMA7: 130.77 | EMA25: 131.74 | RSI14: 34.68 | Resistance: 154 | Support: 124.46 | Average Volume: 158.29 | Volume Trend: Decreasing
Based on the 1h technical analysis of GNOUSDT:
* The price is below EMA7 and EMA25, indicating a downtrend.
* RSI14 is below 40, suggesting oversold conditions, potentially leading to a bounce.
* MACD is negative, confirming the downtrend.
Best Long entry price: around 124.46 (support level) or a break above 131.74 (EMA25) with a stop-loss below 124.46.
Best Short entry price: around 135 (if price bounces off resistance) with a stop-loss above 154 (resistance level).
Best spot buy price: around 124.46 (support level).
Keep in mind that this analysis is based on a single timeframe and indicator set. Always consider multiple timeframes and risk management when making trading decisions.