🤖 AI Insight

**Technical Analysis of PROMUSDT at 1h**

Based on the given chart, I would say that the market is currently in a bearish trend. Here are the key observations:

- **Price**: 5.24
- **Moving Averages (MA)**: EMA7 is below EMA25, which indicates a short-term downward trend.
- **Relative Strength Index (RSI)**: 37.15635844675, which is below 50 and indicates the market is oversold.
- **Moving Average Convergence Divergence (MACD)**: -0.036743691689772, which is slightly above the zero line and indicates a mild bullish momentum.

**Recommendation**

Considering the bearish trend and oversold condition, a Long position is not recommended. However, a **Long** with a **Stop Loss** at the support level (5.02) and a **Target** at the resistance level (5.62) could be considered, but a safer entry point could be near the EMA7 at 5.162, and enter at 5.05 on a **long bounce**.

As for a **Short** position, it could be recommended, with a **Stop Loss** above the resistance level (5.62) and a **Target** at the support level (5.02), taking the long bounce potential into consideration, enter short at EMA25 at 5.412, or long bounce at approximately 5.32.

**Best Long Entry Price**: Not Recommended due to bearish conditions, but 5.162 on a long bounce is safer.
**Best Short Entry Price**: EMA25 at 5.412.

**Best Spot Buy Price**: Not recommended due to the bearish trend. However, buying at a long bounce near the EMA25 could be considered for a better entry price, ideally around 5.162.