$PROM PROM is now a “hollowed-out big radish.”
Look—project teams keep shouting “AI transformation” every day. Today they partner with this, tomorrow they link up with that. They tell stories so well. But once you dig into the on-chain data, you find there are only two games running on the whole network. The daily fees they collect are just $17—not even enough for everyone to grab a cup of milk tea. To put it plainly, this thing is basically a concept stock right now: no real users, no real business.
And if you look at the order book, it gets even more exciting—derivatives contract trading volume is 13 times spot. What does that mean? It means basically no one truly wants to buy and hold the spot to accumulate. Everyone is opening leverage bets on whether things will go up or down. Even worse: the top 100 whales hold 97% of the coins. If they let even a little slip through their fingers, the order book can get smashed into a pit.
So today’s market move is basically a pulse-wave generated by whales and market makers using the news of “listing on a South Korean exchange,” working together with the shorts who are stuck and forced to add positions.
Swing-trading strategy:
Aggressive: go short directly at the current price of 3.80, and add to the position at 4.2.
Conservative: wait for the price to consolidate and enter shorts around the 4.2 area.
(For exact entries, 👇 come to my Binance chat room to get real-time info gaps👇)#prom
Look—project teams keep shouting “AI transformation” every day. Today they partner with this, tomorrow they link up with that. They tell stories so well. But once you dig into the on-chain data, you find there are only two games running on the whole network. The daily fees they collect are just $17—not even enough for everyone to grab a cup of milk tea. To put it plainly, this thing is basically a concept stock right now: no real users, no real business.
And if you look at the order book, it gets even more exciting—derivatives contract trading volume is 13 times spot. What does that mean? It means basically no one truly wants to buy and hold the spot to accumulate. Everyone is opening leverage bets on whether things will go up or down. Even worse: the top 100 whales hold 97% of the coins. If they let even a little slip through their fingers, the order book can get smashed into a pit.
So today’s market move is basically a pulse-wave generated by whales and market makers using the news of “listing on a South Korean exchange,” working together with the shorts who are stuck and forced to add positions.
Swing-trading strategy:
Aggressive: go short directly at the current price of 3.80, and add to the position at 4.2.
Conservative: wait for the price to consolidate and enter shorts around the 4.2 area.
(For exact entries, 👇 come to my Binance chat room to get real-time info gaps👇)#prom
