$PROM | 50x Shorts 🔻 Resistance zone + bearish tilt on the higher timeframes + room to continue pressure for 15 minutes
Finally, the price entered the key area 4.87900 – 4.92495, which is the zone that can determine the direction of the next move.
The higher timeframes still lean downward, and attention is currently focused on how the price reacts within the zone, especially around 4.90198. Holding below it and the continuation of the sellers’ pressure could support the bearish scenario.
On the 15-minute timeframe, the RSI is at 59, meaning there is room for continued pressure before reaching clearly overbought/oversold zones.
As for volume, it’s at 0.36x, with trading at 16.70K versus an expected 45.88K, so confirming the move and its continuation remains more important than just the price reaching the zone.
Trade levels:
- Entry: 4.87900 – 4.92495
- TP1: 4.73654 — R:R 1:0.8
- TP2: 4.62625 — R:R 1:1.2
- TP3: 4.46081 — R:R 1:2.0
- SL: 5.12256
.
Now the most important thing is the price’s reaction… if selling pressure continues, the downside targets remain on the table. 🔻
#prom #CentralBanksBuy289TonsGoldInQ2 #SP500Rises0.7%TechSectorGains3.3% #OktaCrowdStrikeSurgeOnEarningsBeat
Finally, the price entered the key area 4.87900 – 4.92495, which is the zone that can determine the direction of the next move.
The higher timeframes still lean downward, and attention is currently focused on how the price reacts within the zone, especially around 4.90198. Holding below it and the continuation of the sellers’ pressure could support the bearish scenario.
On the 15-minute timeframe, the RSI is at 59, meaning there is room for continued pressure before reaching clearly overbought/oversold zones.
As for volume, it’s at 0.36x, with trading at 16.70K versus an expected 45.88K, so confirming the move and its continuation remains more important than just the price reaching the zone.
Trade levels:
- Entry: 4.87900 – 4.92495
- TP1: 4.73654 — R:R 1:0.8
- TP2: 4.62625 — R:R 1:1.2
- TP3: 4.46081 — R:R 1:2.0
- SL: 5.12256
.
Now the most important thing is the price’s reaction… if selling pressure continues, the downside targets remain on the table. 🔻
#prom #CentralBanksBuy289TonsGoldInQ2 #SP500Rises0.7%TechSectorGains3.3% #OktaCrowdStrikeSurgeOnEarningsBeat
