Price: 0.723 | EMA7: 0.73 | EMA25: 0.75 | RSI14: 30.74 | Resistance: 0.816 | Support: 0.722 | Average Volume: 14482.17 | Volume Trend: Decreasing
Based on the 1-hour chart of PORTUSDT:
**Short-term bearish bias**
* The current price (0.723) is below both EMA7 and EMA25, indicating a short-term downtrend.
* RSI14 is oversold (30.735), which might lead to a short-term rebound.
* MACD is negative, confirming the bearish momentum.
**Entries and Targets:**
* **Short entry:** 0.725 (just above the current price) with a stop-loss at 0.738 (above EMA25) and a target at 0.695 (near the next support level).
* **Long entry (counter-trend):** 0.705 (near the next support level) with a stop-loss at 0.685 and a target at 0.735 (above EMA7).
**Spot buy consideration:**
If you're looking to buy PORTUSDT, consider entering at 0.705 (near the next support level) with a stop-loss at 0.685, as the oversold RSI14 might lead to a short-term rebound.
Please note that these are short-term trading ideas and are subject to change based on market conditions. It's essential to set stop-losses and monitor the trade closely.