Price: 5.557 | EMA7: 5.57 | EMA25: 5.59 | RSI14: 37.83 | Resistance: 5.712 | Support: 5.525 | Average Volume: 2611.57 | Volume Trend: Decreasing
Based on the 15m chart of PROMUSDT, here's my analysis:
* The price is currently at 5.557, which is above the EMA7 (5.56996) but below the EMA25 (5.59165). This indicates a weakening trend.
* The RSI14 is at 37.83, which is oversold, suggesting the price may rebound.
* The MACD is bearish and has a slight negative bias.
* The Resistance level is at 5.712, and the Support level is at 5.525.
My advice:
* Best Long/Short entry prices: I would look for a buy opportunity around the Support level at 5.525 or a short opportunity around the Resistance level at 5.712. However, due to the decreasing volume trend, I would recommend entering with caution.
* Best spot buy price: If the price rebounds, a decent spot buy price could be around 5.575-5.585, which is below the EMA7 and offers some breathing room for potential price appreciation.