Price: 0.565 | EMA7: 0.57 | EMA25: 0.58 | RSI14: 41.77 | Resistance: 0.656 | Support: 0.48 | Average Volume: 422608.77 | Volume Trend: Decreasing
Based on the 4h chart of SNXUSDT, here's my technical analysis and recommendation:
**Short-term outlook:** SNX is in a bearish trend, with the price trading below the EMA7 and EMA25. The RSI is oversold, indicating some buying pressure might be building up. However, the MACD is bearish and close to the zero line, suggesting that the momentum is still on the side of the sellers.
**Long/Short entry prices:** I would recommend entering a short position around the current price of 0.565, as it's close to the support level of 0.48. If you're looking to go long, it might be safer to wait for a bounce off the support level or a reversal pattern to form.
**Best spot buy price:** If you're looking to buy, I would consider entering a position around 0.485-0.50, as it's a potential support level.
**Disclaimer:** This analysis is based solely on technical indicators and should not be considered investment advice. It's essential to conduct your own research and assess the fundamental factors before making any trading decisions.