$PROM SHORT — Local Peak & Pullback Setup
$PROM faced rejection near the 2.509 resistance region following an extended rally, showing initial signs of exhaustion. Price action is turning lower around 2.420 as sellers look to capitalize on a corrective retracement toward deeper demand zones.
Entry: 2.410 – 2.460
TP1: 2.320
TP2: 2.220
TP3: 2.120
TP4: 2.000
SL: 2.540
Remaining below 2.480 maintains the short-term bearish bias. A clean break under 2.380 will confirm downside momentum for a broader pullback.
$PROM faced rejection near the 2.509 resistance region following an extended rally, showing initial signs of exhaustion. Price action is turning lower around 2.420 as sellers look to capitalize on a corrective retracement toward deeper demand zones.
Entry: 2.410 – 2.460
TP1: 2.320
TP2: 2.220
TP3: 2.120
TP4: 2.000
SL: 2.540
Remaining below 2.480 maintains the short-term bearish bias. A clean break under 2.380 will confirm downside momentum for a broader pullback.