$PROM This strong bullish candle directly pushed up to the 5.00 round-number level, but the bulls came in too aggressively and the bears still haven’t surrendered.
The 24h gain has exceeded 30%, current quote is 4.90, intraday high reached 5.09, and there was dense turnover of 540K dollars on the 15-minute timeframe.
What bulls and bears are fighting over is not whether the previous high can be broken, but whether the 4.75 neckline can hold back profit-taking on the pullback and force out the last short-selling positions on the way up.
Keep an eye on 4.75: if it holds, there’s still room to squeeze the shorts higher; once it breaks with volume, this surge is a classic false breakout designed to lure in longs.
At this level, both sides are waiting for the other to die first. Do you have a position? Which direction?
#PROM #暗影萨满 #contract strategy
The 24h gain has exceeded 30%, current quote is 4.90, intraday high reached 5.09, and there was dense turnover of 540K dollars on the 15-minute timeframe.
What bulls and bears are fighting over is not whether the previous high can be broken, but whether the 4.75 neckline can hold back profit-taking on the pullback and force out the last short-selling positions on the way up.
Keep an eye on 4.75: if it holds, there’s still room to squeeze the shorts higher; once it breaks with volume, this surge is a classic false breakout designed to lure in longs.
At this level, both sides are waiting for the other to die first. Do you have a position? Which direction?
#PROM #暗影萨满 #contract strategy