Price: 6.69 | EMA7: 6.71 | EMA25: 6.91 | RSI14: 36.84 | Resistance: 8.35 | Support: 6.55 | Average Volume: 93428.59 | Volume Trend: Decreasing
Based on the 1-hour chart, NEOUSDT appears to be in a corrective phase. Here are some insights:
**Long/Short Recommendations:**
* Best Long Entry: 6.65 (just below current price) with a take-profit at 7.20 (EMA25).
* Best Short Entry: 7.30 (above EMA25) with a take-profit at 6.70 (EMA7).
**Spot Buy Recommendation:**
The best spot buy price is around 6.55, which seems to be the next level of technical support. However, consider the decreasing volume trend, which may indicate a lack of conviction from buyers.
**Additional Notes:**
* RSI14 is oversold, indicating a potential rebound.
* MACD is bearish, indicating a bearish momentum.
* Resistance at 8.35 remains a significant hurdle for further upside.
Be cautious and monitor the markets closely before entering any positions.