$213.5M in volume on PROM but the price only moved -7.2%. That's a red flag — massive volume without proportional price movement means big hands are distributing.
4H RSI at 45.5 is neutral-bearish. MACD is still positive but the histogram is shrinking — momentum is fading fast. Price is below the 7-MA ($5.70) on the 4H.
Here's what concerns me: volume ratio is only 0.11x. Wait, that seems contradictory with $213M... but this metric is relative to the coin's own average. PROM has been a volume monster lately, so today is actually quiet by its standards.
Daily chart still looks bullish (RSI 61.6, price above all MAs), but the 4H is showing cracks.
📋 Trade Plan (SHORT — mean reversion):
• Entry: $5.29 - $5.60
• Stop Loss: $6.07 (above the recent 4H high — breakout invalidates the setup)
• TP1: $5.13 | TP2: $4.97 | TP3: $4.76
⚠️ Confidence: 64% — this is a fade-the-pump play. Risk management is everything.
Distribution or accumulation? What do you see in that volume profile? 🧐
#PROM #CryptoAnalysis #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.