Price: 5.3 | EMA7: 5.68 | EMA25: 7.53 | RSI14: 38.09 | Resistance: 26.21 | Support: 4.31 | Average Volume: 5479103.38 | Volume Trend: Decreasing
Based on the technical analysis of NEOUSDT at 1w:
- The price is currently at 5.3, below both EMA7 (5.68) and EMA25 (7.53), indicating a bearish trend.
- RSI14 is at 38.09, suggesting the asset is approaching oversold territory, which could indicate a potential reversal.
- MACD is negative (-1.51), further indicating bearish momentum.
**Advice:**
- **Long Entry:** Consider entering long when the price breaks above EMA7 (5.68) with a strong volume increase, or if it shows a clear bullish reversal pattern near the support level (4.31). A safe long entry could be around 5.7-5.8 with a stop loss below 5.0.
- **Short Entry:** If the price bounces off the current resistance (EMA7 or EMA25) or fails to break above them, it could be a good short entry. Consider shorting around 6.0-6.5 with a stop loss above 7.5.
- **Spot Buy:** A good spot buy price could be around the support level (4.31) or when the RSI indicates a deeper oversold condition (RSI < 30), which it is approaching. Currently, it's nearing this territory.
Keep an eye on volume trends and be cautious as the overall trend is bearish. Always manage your risk.