$PROM is showing a potential short setup after a sharp 57% rally and rejection near the 3.264 resistance zone.
Trade Setup: SHORT
Entry Zone: $3.15–$3.26
TP1: $2.496
TP2: $2.102
TP3: $1.982
Stop Loss: $3.32
The setup is based on rejection at a key resistance area following an aggressive vertical move. A confirmed loss of the nearby support structure would strengthen the downside scenario.
Bias: Bearish below $3.264.
Manage risk carefully and wait for confirmation before entering.
Trade Setup: SHORT
Entry Zone: $3.15–$3.26
TP1: $2.496
TP2: $2.102
TP3: $1.982
Stop Loss: $3.32
The setup is based on rejection at a key resistance area following an aggressive vertical move. A confirmed loss of the nearby support structure would strengthen the downside scenario.
Bias: Bearish below $3.264.
Manage risk carefully and wait for confirmation before entering.