Price: 5.331 | EMA7: 5.35 | EMA25: 5.38 | RSI14: 28.93 | Resistance: 5.617 | Support: 5.329 | Average Volume: 9986.33 | Volume Trend: Decreasing
Based on the 1h technical analysis of PROMUSDT, the indicators suggest a bearish trend. With RSI14 at 28.927, the asset is oversold, potentially indicating a short-term bounce. However, the MACD is negative, and the price is below both EMA7 and EMA25.
**Long Entry:** Consider a long position around 5.25-5.30, with a stop loss below 5.20.
**Short Entry:** Consider a short position around 5.50-5.55, with a stop loss above 5.617.
**Spot Buy:** The best spot buy price could be around 5.20-5.25, considering the current support and oversold RSI.
Keep in mind that these are just technical suggestions and not investment advice. Always do your own research and consider multiple sources before making a trading decision.