đ PROM just ripped +11.28% with volume nearly doubling â and the daily chart tells me this might be early.
đ The Setup:
Price: $4.055 | Daily RSI: 77.2 (strong momentum, not yet screaming overbought)
4H RSI: 68.5 â healthy bullish territory
Here is what catches my eye: the 99-day MA is at $1.51. Price is currently at $4.05. That is a +168% move from the mean â this trend is established, not new.
Daily MACD: +0.077 and expanding. Volume: 1.96x average (surging).
đŻ The Trade:
⢠Entry: $3.82 â $4.29 (on pullback to the 4H 7-period MA ~$3.99)
⢠SL: $4.66 (above recent highs â gives room)
⢠TP1: $4.22 | TP2: $4.38 | TP3: $4.54
The long/short ratio is 0.69 â shorts are piling in. If momentum continues, another squeeze is possible.
â ď¸ Watch for: daily RSI approaching 80. If it gets there, expect a pullback regardless of fundamentals.
PROM to $5 or pullback to $3.50 first? Drop your take đ
#PROM #Crypto #DYOR
â ď¸ Not financial advice. Do your own research.
đ The Setup:
Price: $4.055 | Daily RSI: 77.2 (strong momentum, not yet screaming overbought)
4H RSI: 68.5 â healthy bullish territory
Here is what catches my eye: the 99-day MA is at $1.51. Price is currently at $4.05. That is a +168% move from the mean â this trend is established, not new.
Daily MACD: +0.077 and expanding. Volume: 1.96x average (surging).
đŻ The Trade:
⢠Entry: $3.82 â $4.29 (on pullback to the 4H 7-period MA ~$3.99)
⢠SL: $4.66 (above recent highs â gives room)
⢠TP1: $4.22 | TP2: $4.38 | TP3: $4.54
The long/short ratio is 0.69 â shorts are piling in. If momentum continues, another squeeze is possible.
â ď¸ Watch for: daily RSI approaching 80. If it gets there, expect a pullback regardless of fundamentals.
PROM to $5 or pullback to $3.50 first? Drop your take đ
#PROM #Crypto #DYOR
â ď¸ Not financial advice. Do your own research.