📢 $PROM / $USDT | 🟢 LONG | ⭐ 81%
🎯 Objective: $2.5066. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $2.1614
🛑 Stop Loss: $1.9542
🏁 TP1: $2.5066
🏁 TP2: $2.5757
🏁 TP3: $2.7138
📈 Analysis:
$PROM shows a bullish multi-timeframe alignment, with a volume ratio of 2.12x versus the average that confirms an accumulation breakout. Price consolidates after confirming a triple-bottom pattern, supported by an RSI of 63.42 (indicates buying strength without extreme overbought conditions) and a bullish crossover in the MACD (a signal of positive momentum). The structure holds above the POC at $1.9823, a key zone with higher traded volume, validating the continuation thesis toward the resistance at $3.0.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical Confidence: 4/5
The invalidation level is located below the $1.9755 support; a daily close below this point would negate the current bullish structure. The thesis is validated by holding above the EMA20 and the steady increase in buyer volume during the breakout of the falling wedge.
Do you think the current volume is enough to break through the $3.0 resistance?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #PROM #trading #Futures #MarketAnalysis
🎯 Objective: $2.5066. Will it achieve it?
🎯 Trading levels:
🟢 Entry: $2.1614
🛑 Stop Loss: $1.9542
🏁 TP1: $2.5066
🏁 TP2: $2.5757
🏁 TP3: $2.7138
📈 Analysis:
$PROM shows a bullish multi-timeframe alignment, with a volume ratio of 2.12x versus the average that confirms an accumulation breakout. Price consolidates after confirming a triple-bottom pattern, supported by an RSI of 63.42 (indicates buying strength without extreme overbought conditions) and a bullish crossover in the MACD (a signal of positive momentum). The structure holds above the POC at $1.9823, a key zone with higher traded volume, validating the continuation thesis toward the resistance at $3.0.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical Confidence: 4/5
The invalidation level is located below the $1.9755 support; a daily close below this point would negate the current bullish structure. The thesis is validated by holding above the EMA20 and the steady increase in buyer volume during the breakout of the falling wedge.
Do you think the current volume is enough to break through the $3.0 resistance?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #PROM #trading #Futures #MarketAnalysis