Price: 2.888 | EMA7: 2.8 | EMA25: 2.57 | RSI14: 77.95 | Resistance: 2.986 | Support: 2.223 | Average Volume: 1670385.99 | Volume Trend: Decreasing
Based on the technical analysis of NEARUSDT on a 4-hour chart, here's a brief analysis and advice:
The price is currently at 2.888, above both EMA7 (2.802) and EMA25 (2.573), indicating a bullish trend. The RSI14 is at 77.95, suggesting the asset might be overbought and due for a correction. MACD is positive, supporting the bullish momentum.
**Long Entry:** Consider a long entry if the price pulls back to around 2.80 (near EMA7), with a stop loss below 2.73.
**Short Entry:** A short could be considered if the price hits the resistance at 2.986 and shows signs of rejection, with a stop loss above 3.00.
**Spot Buy:** A good spot buy price could be around 2.60-2.70 if the price corrects to this level, offering a better risk-reward ratio.
Keep an eye on the decreasing volume trend, as it might indicate waning interest in the asset at current prices. Monitor the price action around the resistance and support levels for further trading decisions.