$PROM is pressing into a resistance zone where the strong rebound may be starting to lose momentum
Trading Plan Short $PROM
Entry: 3.10 – 3.20
SL: 3.32
TP: 2.95
TP: 2.82
TP: 2.63
The move from 1.823 into 3.463 was extremely aggressive, but the latest 15m structure is beginning to show hesitation. Price has struggled to extend above the recent 3.18–3.25 area, with repeated upper wicks and tighter candles suggesting momentum is cooling after the initial expansion. The latest rejection back toward 3.10 adds to the possibility that buyers are being absorbed around overhead supply. If this zone continues to cap price, a downside rotation could first revisit 2.95, followed by the stronger 2.82 area and potentially the lower structure around 2.63.
Trade $PROM here 👇
Trading Plan Short $PROM
Entry: 3.10 – 3.20
SL: 3.32
TP: 2.95
TP: 2.82
TP: 2.63
The move from 1.823 into 3.463 was extremely aggressive, but the latest 15m structure is beginning to show hesitation. Price has struggled to extend above the recent 3.18–3.25 area, with repeated upper wicks and tighter candles suggesting momentum is cooling after the initial expansion. The latest rejection back toward 3.10 adds to the possibility that buyers are being absorbed around overhead supply. If this zone continues to cap price, a downside rotation could first revisit 2.95, followed by the stronger 2.82 area and potentially the lower structure around 2.63.
Trade $PROM here 👇