Price: 1.248 | EMA7: 1.25 | EMA25: 1.25 | RSI14: 48.2 | Resistance: 1.282 | Support: 1.22 | Average Volume: 39077.58 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of NEXOUSDT:
**Trend:** Neutral to slightly bearish, as the price is below the EMA25 and MACD is negative.
**Indicators:**
* EMA7 (1.2474) is below EMA25 (1.2503), indicating a short-term downtrend.
* RSI14 (48.20) is near neutral, but slightly oversold.
* MACD (-0.0022) is negative, indicating a bearish momentum.
**Support and Resistance:**
* Support: 1.22 (strong support)
* Resistance: 1.282 (strong resistance)
**Advice:**
* **Long Entry:** Consider buying around 1.235-1.240 (a potential bounce area, near the lower end of the recent range), with a stop loss below 1.22. Targets: 1.250-1.260.
* **Short Entry:** Consider selling around 1.255-1.260 (near EMA25 and a potential resistance area), with a stop loss above 1.282. Targets: 1.235-1.230.
* **Spot Buy Price:** For a lower-risk entry, consider buying at 1.235-1.240.
**Volume Trend:** Keep an eye on the decreasing volume trend, which may indicate a lack of interest in the current price range.
Please trade responsibly and adjust your strategy according to your risk management and market conditions.