Price: 2.046 | EMA7: 2.1 | EMA25: 2.13 | RSI14: 31.83 | Resistance: 2.307 | Support: 2.02 | Average Volume: 425135.15 | Volume Trend: Increasing
Based on the 1h chart of NEARUSDT, here's my analysis:
**Trend:** Bearish, as EMA25 is trending below EMA7. The moving averages are also showing a bearish crossover, indicating a downward trend.
**Momentum:** Bearish, as RSI14 is below 50, and MACD is also showing negative values, indicating a decrease in momentum.
**Volume:** Increasing, which suggests that the trend may be picking up momentum.
**Support and Resistance:** The current support is around 2.02, and the resistance is at 2.307.
**Recommendations:**
1. **Long/Short Entry:** Sell NEARUSDT at 2.046 (current price). The best short entry price could be around 2.08 (just below the current price) for a tighter stop-loss and more significant profit potential.
2. **Spot Buy:** Not recommended at current prices. The trend is bearish, and the RSI is oversold, suggesting a potential bounce from the support area around 2.02.
**Target Price:** Keep an eye on the support at 2.02, and consider a buy entry with a stop-loss below 1.92, targeting resistance at 2.307 if the trend reverses.