đ„ $PROM SHORT â The Bounce Is Losing Strength
Iâve learned one thing in setups like this: when price stays weak below key moving averages, I donât chase the bounce â I trade the weakness.
$PROM/USDT is around 2.36, down over 10%, and the 1H chart is showing a clear bearish structure. Price is below the MA7 at 2.38, while the recent bounce from 2.308 is struggling to reclaim resistance.
đŻ MY TRADE PLAN
Coin: $PROM/USDT
Bias: đŽ SHORT
Entry Zone: 2.3279 â 2.3401
Stop Loss: 2.5212
Target 1: 2.1936
Target 2: 2.0999
Target 3: 1.9595
Risk-Reward: Up to ~1:2
Invalidation: Reclaim and hold above 2.4137
đ WHY IâM SHORT
The 4H bias remains bearish, momentum is weak, and volume has faded during the bounce. That tells me buyers are struggling to take control.
My main focus is the 2.19 â 2.09 zone. If sellers break the recent 2.308 low, I expect downside momentum to accelerate toward my targets.
Iâm keeping the plan simple: sell the weakness, respect the SL, and let the trade work.
â ïž No setup is guaranteed. I always control risk and respect my stop.
Does $PROM hit TP2 at 2.09, or will buyers fight back first?
$PROM
Iâve learned one thing in setups like this: when price stays weak below key moving averages, I donât chase the bounce â I trade the weakness.
$PROM/USDT is around 2.36, down over 10%, and the 1H chart is showing a clear bearish structure. Price is below the MA7 at 2.38, while the recent bounce from 2.308 is struggling to reclaim resistance.
đŻ MY TRADE PLAN
Coin: $PROM/USDT
Bias: đŽ SHORT
Entry Zone: 2.3279 â 2.3401
Stop Loss: 2.5212
Target 1: 2.1936
Target 2: 2.0999
Target 3: 1.9595
Risk-Reward: Up to ~1:2
Invalidation: Reclaim and hold above 2.4137
đ WHY IâM SHORT
The 4H bias remains bearish, momentum is weak, and volume has faded during the bounce. That tells me buyers are struggling to take control.
My main focus is the 2.19 â 2.09 zone. If sellers break the recent 2.308 low, I expect downside momentum to accelerate toward my targets.
Iâm keeping the plan simple: sell the weakness, respect the SL, and let the trade work.
â ïž No setup is guaranteed. I always control risk and respect my stop.
Does $PROM hit TP2 at 2.09, or will buyers fight back first?
$PROM