Unbelievable how many people are falling for this trap on $PRL
right now!
Everyone got blinded by the sudden +18% spike, but look at that brutal red drop straight off the $0.4095 local peak. The market just trapped a wave of greedy late buyers, and the MACD has completely flipped into a bearish crossover.
Selling pressure is taking over fast as price breaks below key moving averages, and I am personally going short right here before it bleeds all the way down to $0.32 support. Protect your capital or pay the price!