$PROM looks weak after rejecting hard from the spike zone near 3.627. Current price is around 1.993, and it is still trading below MA7 2.172 and MA25 2.046, so I would treat this as a failed bounce setup unless buyers reclaim those levels with volume.
Bias: Short on bounce
Entry zone: 2.020 to 2.080
Stop: above 2.130
TP1: 1.890
TP2: 1.838
TP3: 1.700 to 1.620 if selling pressure continues
For me, the clean short setup is waiting for PROM to bounce into the 2.020 to 2.080 area and reject. If price stays below MA25, sellers still have the stronger position. I would cancel the short idea if PROM breaks above 2.130, because that would show buyers are trying to recover the structure.
Bias: Short on bounce
Entry zone: 2.020 to 2.080
Stop: above 2.130
TP1: 1.890
TP2: 1.838
TP3: 1.700 to 1.620 if selling pressure continues
For me, the clean short setup is waiting for PROM to bounce into the 2.020 to 2.080 area and reject. If price stays below MA25, sellers still have the stronger position. I would cancel the short idea if PROM breaks above 2.130, because that would show buyers are trying to recover the structure.