$PROM After strong correction, it reached an area that deserves follow-up 👀
The current price is near the 50 EMA on the 4-hour timeframe and is also aligned with the 0.618 Fibonacci level. The most important part is the appearance of Bullish Divergence, which gives a high probability of a rebound from this zone.
$LUMIA You may be ready for a strong upward move 👀
What attracted me to $LUMIA is that it is currently trading above the 50-EMA on most timeframes, and most importantly, it holds these averages after retesting.
Iran launched ballistic missiles toward an American base in Jordan in response to the latest U.S. strikes near the Strait of Hormuz.
What’s most dangerous is that oil has started to move upward with the news, especially since the United States said its strikes were intended to prevent the deployment of sea mines in the strait.
If escalation continues, oil and inflation will be among the biggest problems for markets.
And for crypto? Pressure could return strongly, so caution is required.
Brent moves back above $90 with renewed strikes between the US and Iran.
And once again, I’ll tell you
As long as oil is high, inflation remains high, the Federal Reserve is tight, and there are still chances of rate hikes, I don’t expect $BTC and crypto to go far higher.
Any upside for big market players is an opportunity to sell and take profits, then wait and re-enter from lower prices.
The coin on the smaller timeframes has started to regain trading above the 50-EMA, and for me this is a sign that buyers are starting to regain control.
Entry zone 2.400–2.350
TP1 2.480 TP2 2.600 TP3 3.00 if strong liquidity enters and the momentum continues 🚀
Stop loss 2.240
If $DEXE manages to hold on to this momentum, we might see a strong move upward.