๐ LONG
$PROM ๐ฐ Entry: 5.6120
๐ก Stop-loss: 5.4619 (โ2.7%)
๐ฏ Take-profit: 5.8580 โ 5.8970
๐ A large bullish body just swallowed the range off EMA20 on PROM, and the short-term low is now locked in buyers' favor.
โข Trend is intact with a wide 7.8% EMA spread, and price pulled back to within 0.3% of EMA20
โข Confirmation came from a single large-bodied candle spanning 0.67 ATR, showing decisive buyer control
โข RSI at 53 leaves room to run while momentum has already shifted back to the long side
โข 4H, daily, and Elliott structure all agree โ every higher timeframe points the same direction
โข Stop sits just 2.7% away against a favorable R:R, keeping risk small if the swing fails
โญ Score 65.6/100 โ
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Long bias while price holds above EMA20 on a candle-close basis; keep the stop tight under the recent swing.
๐ฌ Long
$PROM too, or taking the other side? Drop your call below.
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๐ Follow for hourly setups.