Selling pressure has taken control after a sharp rally, leaving prices searching for stable ground.
$PROM
After topping out near 3.627, price pulled back sharply and is currently consolidating around 2.428, just above the 2.408 low. Short-term moving averages are sloping downward with lighter volume, indicating that sellers have taken charge while the market looks for support.
Patience is key after heavy pullbacks like this. Waiting to see if a solid base forms around support is much safer than jumping in too early.
Do you think this support area will hold, or are you expecting lower levels first?

#prom