$PROM is showing massive bullish momentum on the 4h chart pumping hard to 3.168 with an aggressive breakout candle.
RSI is deeply overbought above 75 signaling extreme short-term euphoria. Volume is surging, but after such a vertical spike chasing longs here is risky.
Key Zones:
Support Zone: 2.60 - 2.80 (look for a healthy retest
Resistance Zone: 3.27 - 3.35 (current local high rejection area)
#USJulyCPI&PPIDueThisWeek #SenateDelaysCLARITYActVoteToSeptember #SheinToStartHKIPOBookbuildingAsSoonAsNextWeek
RSI is deeply overbought above 75 signaling extreme short-term euphoria. Volume is surging, but after such a vertical spike chasing longs here is risky.
Key Zones:
Support Zone: 2.60 - 2.80 (look for a healthy retest
Resistance Zone: 3.27 - 3.35 (current local high rejection area)
#USJulyCPI&PPIDueThisWeek #SenateDelaysCLARITYActVoteToSeptember #SheinToStartHKIPOBookbuildingAsSoonAsNextWeek