Let's conduct an advanced and detailed technical analysis for a bearish entry in the PROMPT/USDT pair in the 1-day (1D) timeframe, based on the provided screenshot. We will analyze price, technical indicators (EMA, RSI, volume), and candlestick patterns to identify a possible bearish entry opportunity.

1. General Price Context

Current price: 0.2002 USDT.

Market volume: 134.76M USDT (PROMPT) / 27.87M USDT (total in USDT).

Observed trend: The chart shows a recent bearish trend following a peak in May, with a high close to 0.7000 and a gradual decline towards the current levels of 0.2002. Price action indicates a loss of bullish momentum and dominant selling pressure.

2. Technical Indicators Analysis

a) Exponential Moving Averages (EMA Cross)

EMA 20 (blue) and EMA 50 (purple): We observe that the EMA 20 is below the EMA 50, confirming a bearish trend in the short and medium term. This bearish cross ("death cross") occurred previously, and the price has continued to respect this setup, with the EMAs acting as dynamic resistance.

EMA 100 (pink) and EMA 200 (yellow): The price is also below the long-term EMAs (100 and 200), reinforcing the structural bearish trend. The EMA 200, around 0.2373, acted as resistance in recent recovery attempts, rejecting the price downwards.

Interpretation: The setup of the EMAs suggests that bearish pressure remains dominant. Any bounce towards the EMAs (especially the EMA 200 at 0.2373) could be an opportunity for a bearish entry if rejection is confirmed.

b) Relative Strength Index (RSI)

Current RSI: 38.23.

Analysis: The RSI is at a level close to the oversold zone (below 30), but has not yet reached that threshold. This indicates that the asset is under selling pressure, but there may be room for more declines before a possible bounce. An RSI of 38.23 also suggests that bearish momentum is still present, and a break below 30 could confirm a final capitulation before a trend change.

Interpretation: The RSI does not show signs of bullish divergence (where the price makes lower lows, but the RSI does not), which supports the continuation of the bearish trend.

c) Volume

Volume trend: Volume has decreased during the recent drop, which could indicate a lack of buying interest to stop the decline. However, there were spikes in volume during previous bearish movements (especially in May), suggesting that sellers have been active at higher levels.

Interpretation: The decrease in volume during the recent drop could indicate that selling pressure is weakening, but it could also be a sign of consolidation before a stronger move. An increase in volume on a bearish breakout would be additional confirmation.

3. Price Action and Patterns Analysis

Supports and resistances:

Key support: The current level of 0.2002 coincides with an important psychological support (0.2000). This level has been tested several times and appears to be acting as a temporary floor.

Immediate resistance: The EMA 200 at 0.2373 and the level of 0.2102 (recent high) are the closest resistances. A bounce towards these areas could be an ideal bearish entry point.

Candlestick patterns:

Recent candles show a series of bearish candles with long upper wicks, indicating rejection of higher prices and selling pressure.

No clear bullish reversal patterns (such as hammer or bullish engulfing) are observed that suggest a trend change.

Price structure:

The price has been forming lower lows and lower highs since the peak of 0.7000, confirming a well-defined bearish trend.

The breakdown of support at 0.2102 (visible on the chart) with a strong bearish candle suggests that sellers are in control.

4. Bearish Scenario and Entry Strategy

Bearish Scenario

The price appears to be consolidating near the support of 0.2000. There are two possible scenarios for a bearish entry:

Break of support (0.2000):

If the price breaks the level of 0.2000 with a strong bearish candle and an increase in volume, this could trigger a new drop towards the next significant support, which could be at historically lower levels (potentially 0.1500, although not visible in the current chart).

Bounce and rejection (pullback):

If the price bounces towards the resistance at 0.2102 or the EMA 200 (0.2373) and shows signs of rejection (such as a rejection candle or a bearish reversal pattern), this would be an opportunity to enter short.

Entry Strategy

Entry (Scenario 1 - Breakout):

Wait for a confirmed break below 0.2000 with a closed daily candle and an increase in volume.

Enter short at the opening of the next candle or on a small pullback towards 0.2000 (now resistance).

Entry (Scenario 2 - Pullback):

Wait for a bounce towards 0.2102 or 0.2373.

Look for rejection signals (shooting star candle, bearish engulfing, or decreasing volume on the bounce).

Enter short after confirming the rejection.

Stop Loss:

For scenario 1: Place the stop loss above 0.2102 (recent resistance).

For scenario 2: Place the stop loss above the EMA 200 (0.2373) or the high of the bounce.

Take Profit:

Initial target: 0.1500 (estimated support based on the magnitude of the previous drop).

If the RSI enters oversold (below 30), consider taking partial profits and adjusting the stop loss.

Risk/Reward Ratio:

Scenario 1: Risk (0.2102 - 0.2000 = 0.0102) / Profit (0.2000 - 0.1500 = 0.0500) → R/B of 1:4.9.

Scenario 2: Risk (0.2373 - 0.2102 = 0.0271) / Profit (0.2102 - 0.1500 = 0.0602) → R/B of 1:2.2.

5. Confirmation Factors and Risks

Confirmation:

Increase in volume on the breakout or rejection.

RSI falling towards the oversold zone (below 30).

Formation of strong bearish candles at key levels.

Risks:

A strong bounce from 0.2000 with bullish volume could invalidate the bearish scenario and push the price towards 0.2373 or higher.

News or fundamental events (not visible on the chart) could reverse the trend, especially in a volatile cryptocurrency asset like PROMPT.

6. Conclusion

Technical analysis suggests a bearish scenario for PROMPT/USDT in the 1D timeframe. The bearish trend is supported by the EMAs, the RSI, and price action. The best opportunities for a bearish entry would be:

A confirmed break below 0.2000 with volume.

A bounce towards 0.2102 or 0.2373 with a clear rejection.

I recommend closely monitoring volume and the RSI to confirm the movement. If you need a more specific analysis or additional data, I can help with a deeper search. Would you like to adjust any parameters of this strategy? Or do you find it easy to understand how to invest in futures markets?