Price: 128.4 | EMA7: 120.11 | EMA25: 162.85 | RSI14: 39.37 | Resistance: 447 | Support: 90.8 | Average Volume: 26184.95 | Volume Trend: Decreasing
Based on the 1-week chart of GNOUSDT, I recommend a Long/Short entry at 115-118 support levels, as the price is currently oversold. The EMA7 is below the EMA25, indicating a bearish trend, but the RSI14 is oversold, suggesting a potential rebound.
For a Long entry, consider buying GNOUSDT at around 118, as this level marks a recent low and is relatively close to the EMA7.
For a Short entry, consider shorting GNOUSDT at around 125, as this level marks a recent high and is likely to act as resistance.
As for the spot buy price, I would advise against buying at the current price of 128.4, as it is close to the EMA25 and may continue to fall. Instead, consider buying at the support levels mentioned above (115-118) for a potential rebound.
Keep in mind that this is a general analysis, and it's essential to monitor the markets closely and adjust your strategy accordingly.