Price: 6.392 | EMA7: 6.22 | EMA25: 5.64 | RSI14: 80.66 | Resistance: 6.56 | Support: 3.169 | Average Volume: 93583.84 | Volume Trend: Decreasing
Based on the 4h chart of PROMUSDT:
**Technical Analysis:**
- Overbought condition indicated by RSI14 (80.66) and MACD (0.4077) divergence, suggesting a potential retracement.
- EMA7 (6.215) and EMA25 (5.6419) are still in an uptrend, but the gap is narrowing, indicating slowing momentum.
- Resistance at 6.56 and support at 3.169.
**Trading Advice:**
- **Short Entry:** Consider shorting around 6.45 (just below the resistance) with a stop-loss at 6.58 and a target at 6.15 (EMA7).
- **Long Entry:** If the price breaks above 6.56 (resistance), consider long positions with a stop-loss at 6.45 and a target at 6.8.
- **Spot Buy Price:** 6.1 (around the EMA7 level), considering the overall uptrend and potential retracement.
**Risks:**
- Decreasing volume trend might indicate a lack of interest in the token, increasing the risk of a sharp decline.
- Overbought conditions can lead to a sudden drop in price.
Please note that technical analysis is not a guarantee of future performance and trading decisions should be made based on individual risk tolerance and market conditions.