$PROM Buyers are in control, but resistance is getting closer.
Direction: LONG 🟢
Entry: $5.50–$5.62
SL: $5.35
TP1: $5.839
TP2: $6.00
TP3: $6.20
Timeframe: 4H
PROM has pushed strongly from the $4.40 area and climbed above all three moving averages. Price is now near $5.787, up 15.49% in 24 hours, showing strong bullish momentum. However, the recent high at $5.839 is the immediate resistance, so chasing the current candle could be risky.
I would prefer a pullback toward $5.50–$5.62 and a clear bullish reaction before entering. A strong 4H close above $5.839 could open the door to further upside, while losing $5.35 would invalidate this setup. TP2 and TP3 are speculative extension targets, not confirmed resistance levels.
My approach is to let price confirm the breakout rather than buy just because the candles look strong.
Would you buy the retest or wait for PROM to break above $5.839?
$IOST
$IRYS
Direction: LONG 🟢
Entry: $5.50–$5.62
SL: $5.35
TP1: $5.839
TP2: $6.00
TP3: $6.20
Timeframe: 4H
PROM has pushed strongly from the $4.40 area and climbed above all three moving averages. Price is now near $5.787, up 15.49% in 24 hours, showing strong bullish momentum. However, the recent high at $5.839 is the immediate resistance, so chasing the current candle could be risky.
I would prefer a pullback toward $5.50–$5.62 and a clear bullish reaction before entering. A strong 4H close above $5.839 could open the door to further upside, while losing $5.35 would invalidate this setup. TP2 and TP3 are speculative extension targets, not confirmed resistance levels.
My approach is to let price confirm the breakout rather than buy just because the candles look strong.
Would you buy the retest or wait for PROM to break above $5.839?
$IOST
$IRYS