Price: 0.0229 | EMA7: 0.02 | EMA25: 0.03 | RSI14: 36.46 | Resistance: 0.0645 | Support: 0.0073 | Average Volume: 50229175.24 | Volume Trend: Decreasing
Based on the provided daily technical analysis of PORTALUSDT, here are the insights and suggested actions:
1. Best Long Entry Price:
When considering long entry in PORTALUSDT, wait for an oversold condition (lower support level) in the RSI14 indicator before buying, making sure the RSI14 is below the oversold threshold of 30 and shows a bullish crossover. Once this occurs, look for the price to stabilize above the support level (0.0073) before placing a long entry order.
2. Best Short Entry Price:
For a short entry in PORTALUSDT, wait for an overbought condition (higher resistance level) in the RSI14 indicator before selling. Make sure the RSI14 is above the overbought threshold of 70 and shows a bearish crossover. Once this occurs, validate the setup by observing the price stabilizing below resistance (0.0645) before placing a short entry order.
3. Spot Buy Recommendation:
Given the current conditions, the suggested best spot buy price for PORTALUSDT is below the support level of 0.0073 after the price has stabilized below resistance (0.0645). Wait for a pullback signal, ensuring the MACD histogram is showing a bullish crossover after crossing below the MACD line (in the sell direction), and/or MACD histogram turning positive after swinging below the zero line. Monitor the price action and support levels closely to validate the entry.
4. Advice on Spot Sell Recommendation:
At this moment, the support level of 0.0073 is your best spot sell price. Actively monitor the resistance level of 0.0645. Once the price breaks or trades decisively above this level, it demonstrates an uptrend, and it would be considered bearish. In this case, sell the position as it would imply a shift in the short-term trend. Refer to the MACD for additional confirmation with a bearish crossover below the zero line (zero line crossing up and MACD line crossing down) as a possible sell signal.