🔻 $PROM
— Bearish Short Setup | 1H
$PROM is currently showing a bearish structure on the 1-hour chart, with price making lower highs and lower lows. After dropping from the $6+ area, the price is now around $4.99 and the recent bounce looks like a potential opportunity for sellers if resistance holds.
📉 Potential Short Setup
🔴 Entry: $4.98 – $5.02
🎯 TP1: $4.70
🎯 TP2: $4.50
🎯 TP3: $4.00
🎯 Final TP: $3.50
🛑 Stop Loss: $5.57
🔎 Key Levels
• Resistance: $5.50 – $5.57
• Current price: ~$4.99
• Near support: $4.65 – $4.70
• Major downside target: $3.50
If $PROM gets rejected around the entry/resistance zone, bearish continuation could follow. However, a strong 1H breakout above $5.57 would weaken or invalidate this short setup.
— Bearish Short Setup | 1H
$PROM is currently showing a bearish structure on the 1-hour chart, with price making lower highs and lower lows. After dropping from the $6+ area, the price is now around $4.99 and the recent bounce looks like a potential opportunity for sellers if resistance holds.
📉 Potential Short Setup
🔴 Entry: $4.98 – $5.02
🎯 TP1: $4.70
🎯 TP2: $4.50
🎯 TP3: $4.00
🎯 Final TP: $3.50
🛑 Stop Loss: $5.57
🔎 Key Levels
• Resistance: $5.50 – $5.57
• Current price: ~$4.99
• Near support: $4.65 – $4.70
• Major downside target: $3.50
If $PROM gets rejected around the entry/resistance zone, bearish continuation could follow. However, a strong 1H breakout above $5.57 would weaken or invalidate this short setup.
