To be honest, don’t waste this window. The structure on the 4-hour level for $PROM has already been sending messages to the shorts. On the daily chart it looks like a range, but on the smaller timeframes the volume bar is clearly dropping—this is not the spot to guess for a bottom. Right now, the market gives me the feeling that rebounds lack strength; every pullback is met with people distributing.
In terms of risk-reward, the downside space is more comfortable than betting on an upside rebound. It’s worth trying with a small position to test. Remember, for stocks with weak rebounds like this, don’t hesitate with the stop-loss—if it breaks the level, get out.
🔴 Trade Direction: Short
📍 Entry Range: 2.1819179 – 2.1960620
🛑 Stop Loss: 2.3553680
🎯 Take Profit 1: 2.0642064
🎯 Take Profit 2: 1.9810174
🎯 Take Profit 3: 1.8562338
Observe the vastness of the mountains; read the market’s subtle signals.
Travel with Uncle Xiong, and see the gains and losses from heaven and earth.
#PROM
Click below to trade 👇
In terms of risk-reward, the downside space is more comfortable than betting on an upside rebound. It’s worth trying with a small position to test. Remember, for stocks with weak rebounds like this, don’t hesitate with the stop-loss—if it breaks the level, get out.
🔴 Trade Direction: Short
📍 Entry Range: 2.1819179 – 2.1960620
🛑 Stop Loss: 2.3553680
🎯 Take Profit 1: 2.0642064
🎯 Take Profit 2: 1.9810174
🎯 Take Profit 3: 1.8562338
Observe the vastness of the mountains; read the market’s subtle signals.
Travel with Uncle Xiong, and see the gains and losses from heaven and earth.
#PROM
Click below to trade 👇