🔥 $PROM TOKEN SETUP 💸
Current Entry: $2.10 - $2.20 (aggressive entry, only after 15m-30m confirmation)
Recommended Entry: $2.22 - $2.28 (on a weak relief bounce)
TP1: $2.05
TP2: $1.90
TP3: $1.80 - $1.70
SL: Above $2.35
PROM rallied more than 100% before getting rejected from $2.58. Since then, OI has continued declining, top trader long positions remain weak, and the overall long/short ratio hasn't recovered, showing leveraged bulls still lack conviction.
The liquidation heatmap also favors a move lower, with strong liquidity sitting around $2.00 and $1.80, making those levels the most likely downside targets if sellers stay in control.
The only thing keeping me from turning fully bearish is the 24h spot flow. Large wallets accumulated around 325K PROM, and the recent Binance and Upbit transfers mostly look like internal exchange movements rather than clear whale distribution.
Confirmation
Use the 15m-30m timeframe.
If entering from the current price, wait for one bearish 30m candle or two consecutive bearish 15m candles before opening the position.
For the safer setup, wait for a relief bounce into $2.22-$2.28, then enter only if that zone gets rejected. Avoid the trade if price reclaims $2.28-$2.30 with rising OI and stronger buying volume.
👉 My Take
Guys, I have a different plan for this setup. Wait another 3-4 hours and let the market reveal its direction.
If PROM is still showing weakness, wait for the 15m-30m confirmation and look for the short from a local bounce. That gives a much better risk-to-reward than chasing the move.
However, if price holds the current area for the next 3-4 hours without making fresh lows while OI starts recovering, this short setup becomes weaker and the probability of another push higher increases.
Patience and confirmation give the best edge here. 🐱📈 $BANK $ACE
Current Entry: $2.10 - $2.20 (aggressive entry, only after 15m-30m confirmation)
Recommended Entry: $2.22 - $2.28 (on a weak relief bounce)
TP1: $2.05
TP2: $1.90
TP3: $1.80 - $1.70
SL: Above $2.35
PROM rallied more than 100% before getting rejected from $2.58. Since then, OI has continued declining, top trader long positions remain weak, and the overall long/short ratio hasn't recovered, showing leveraged bulls still lack conviction.
The liquidation heatmap also favors a move lower, with strong liquidity sitting around $2.00 and $1.80, making those levels the most likely downside targets if sellers stay in control.
The only thing keeping me from turning fully bearish is the 24h spot flow. Large wallets accumulated around 325K PROM, and the recent Binance and Upbit transfers mostly look like internal exchange movements rather than clear whale distribution.
Confirmation
Use the 15m-30m timeframe.
If entering from the current price, wait for one bearish 30m candle or two consecutive bearish 15m candles before opening the position.
For the safer setup, wait for a relief bounce into $2.22-$2.28, then enter only if that zone gets rejected. Avoid the trade if price reclaims $2.28-$2.30 with rising OI and stronger buying volume.
👉 My Take
Guys, I have a different plan for this setup. Wait another 3-4 hours and let the market reveal its direction.
If PROM is still showing weakness, wait for the 15m-30m confirmation and look for the short from a local bounce. That gives a much better risk-to-reward than chasing the move.
However, if price holds the current area for the next 3-4 hours without making fresh lows while OI starts recovering, this short setup becomes weaker and the probability of another push higher increases.
Patience and confirmation give the best edge here. 🐱📈 $BANK $ACE