🚀 Promising Technical Analysis for PROM/USDT
👈PROM is recording a strong upward move of 26.20%+ to reach the current price of $3.617, supported by notable trading volume over the past 24 hours: 5.61M for PROM and 19.61M for USDT. The chart shows a healthy corrective movement after reaching the 24-hour high at $4.056. The price is currently trading sideways above the dynamic support line, the 25-period moving average (MA(25)) at $3.546, while it is attempting to break above the fast MA(7) at $3.709 to regain bullish momentum.
💥Target Bullish Trend: A breakout above the nearby resistance level at $3.710 opens the way to retest the previous high at $4.056, then $4.300.
📢Suitable Entry Price: Buy in the retest and support zones near MA(25) between $3.520 - $3.600.
↪️Exit Price (Take Profit): The main suggested target to secure profits lies near $3.980.
💥Stop-Loss: A break and closing below the support line at $3.450.
💡 Reminder: Adhering to the stop-loss is the key to safer trading.
🔮Do you think PROM will break the $4.05 high soon? Press follow to get all the latest updates! 🔄
#PROM #Crypto #BinanceSquareFamily #BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly $PROM
👈PROM is recording a strong upward move of 26.20%+ to reach the current price of $3.617, supported by notable trading volume over the past 24 hours: 5.61M for PROM and 19.61M for USDT. The chart shows a healthy corrective movement after reaching the 24-hour high at $4.056. The price is currently trading sideways above the dynamic support line, the 25-period moving average (MA(25)) at $3.546, while it is attempting to break above the fast MA(7) at $3.709 to regain bullish momentum.
💥Target Bullish Trend: A breakout above the nearby resistance level at $3.710 opens the way to retest the previous high at $4.056, then $4.300.
📢Suitable Entry Price: Buy in the retest and support zones near MA(25) between $3.520 - $3.600.
↪️Exit Price (Take Profit): The main suggested target to secure profits lies near $3.980.
💥Stop-Loss: A break and closing below the support line at $3.450.
💡 Reminder: Adhering to the stop-loss is the key to safer trading.
🔮Do you think PROM will break the $4.05 high soon? Press follow to get all the latest updates! 🔄
#PROM #Crypto #BinanceSquareFamily #BitcoinOpenInterestFallsToTwoMonthLow #BitcoinRises23.6%Weekly $PROM
