Price: 0.00045801 | EMA7: 0 | EMA25: 0 | RSI14: 35.36 | Resistance: 0.00053859 | Support: 0.00040764 | Average Volume: 4899628597.75 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of NEIROUSDT:
- Prices are trading below MA25 (EMA25), indicating a bearish trend.
- RSI14 at 35.36 is in the oversold region, suggesting a potential bounce.
- MACD is flat, indicating a lack of momentum.
- Volume Trend is decreasing, which could indicate a lack of buying pressure.
Advice for a Long/Short strategy:
- Consider entering a long position if the price breaks above the current resistance level of 0.00053859 with a target entry price of around 0.000545 (slightly above resistance) and a stop-loss at 0.00045 (around support level).
- Alternatively, a short position could be considered if the price bounces and breaks down through the current support level of 0.00040764 (target entry price around 0.000395).
As for the long buy price:
- Consider buying at around 0.00045 (slightly above support) for a potential upward trend.
Note: All entry prices are estimates, and it's essential to monitor the market for any significant changes in the chart before making a trade.