Price: 1.003 | EMA7: 1.03 | EMA25: 1.04 | RSI14: 46.58 | Resistance: 1.448 | Support: 0.695 | Average Volume: 930964.04 | Volume Trend: Decreasing
Based on the 1-day technical analysis of PORTOUSDT, here's my assessment:
* The price is trading near the EMA25, indicating a short-term bullish trend.
* The RSI14 is at 46.6, which is oversold, suggesting a potential reversal.
* The MACD is positive, but the signal line is close, indicating a potentially weak uptrend.
* The resistance level at 1.448 is still distant, while the support level at 0.695 is relatively close.
* The decreasing volume trend suggests a lack of buying pressure.
Based on this analysis, I would recommend the following:
* Short entry: 1.015 (just above the current price) with a target at 0.975 (near the support level)
* Long entry: 1.055 (if the price reaches this level) with a target at 1.110 (near the EMA7)
* Spot buy: Consider buying if the price breaks out above 1.035, but keep in mind the decreasing volume trend.
Please note that this is a general analysis and not personalized trading advice. It's essential to consider your individual risk tolerance and adjust the strategy accordingly.