Price: 0.0301 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 60 | Resistance: 0.0319 | Support: 0.0281 | Average Volume: 2510467.73 | Volume Trend: Increasing
Based on the 1-hour chart of PORTALUSDT, here's my technical analysis:
* The short-term EMA7 is below the medium-term EMA25, indicating a possible bearish trend.
* The RSI14 is at 60.004429133732, which is neutral and does not indicate overbought or oversold conditions.
* The MACD is slightly bearish, but close to the zero line.
* The Resistance level is at 0.0319, and the Support level is at 0.0281.
Considering the above, here's my advice:
* Long Entry: Wait for the price to break above the Resistance level (0.0319) with a confirmed bullish candle, and enter long around 0.0325.
* Short Entry: Look for a bearish reversal candle around the current price (0.0301) or at the Resistance level (0.0319), and enter short around 0.0295.
* Spot Buy: If you're looking to buy now, consider entering at the current price (0.0301) with a tight stop-loss, targeting the Resistance level (0.0319).