🤖 AI Insight

Based on the given technical analysis of NEARUSDT at a 1-week chart, here's an analysis:

Since the EMA7 is above EMA25 and close to the current price, it indicates an initial sign of a downtrend reversal. The RSI of 44.25 is in the 'oversold' area, suggesting potential for a short-term price bounce.

Given the MACD reading of -0.24, it shows a minor bearish trend, but this is a relatively minor indicator.

However, the high resistance level of 9.01 and the large difference between the support and current price indicate that NEARUSDT is due for a significant correction.

Considering these indicators:

Best Long Entry Price: Above 2.60 (EMA7) with a stop-loss below EMA7, aiming to target the resistance level around 2.9-3.0.

Best Short Entry Price: Below the current price, ideally around 2.20-2.25 with a stop-loss above the EMA7, aiming to target the support level around 1.8-1.9.

Best Spot Buy Price: Not recommended due to high risk.