Price: 5.283 | EMA7: 5.32 | EMA25: 5.38 | RSI14: 44.09 | Resistance: 6.47 | Support: 4.447 | Average Volume: 225036.94 | Volume Trend: Decreasing
Based on the 1-day chart of PROMUSDT, here's my analysis:
* The price is trading below the 7- and 25-day EMAs, indicating a bearish trend.
* The RSI is oversold, which may indicate a potential bounce.
* The MACD is bearish and below the signal line, suggesting further downside.
* The price is approaching the support level of 4.447, which could be a potential bounce zone.
* The average volume is decreasing, which may indicate a lack of interest in the market.
As for the entry points:
* Long/Short entry: Consider entering a long position around 5.20, which is near the 7-EMA and the RSI's oversold zone. For a short position, consider entering around 4.90, which is near the support level and the 25-EMA.
* Best spot buy price: Consider buying around 5.20, as it offers a good risk-reward ratio and is located near the 7-EMA.
Please note that this is a technical analysis and may not be accurate in real-world trading. It's essential to conduct thorough backtesting and risk assessment before entering any trade.