$PROM
Short 50x | Traders maintain the level—this is exactly what I wanted to see.
Trading plan:
- 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
Why this setup?
- The higher timeframe still leans more toward a bearish scenario, but the main idea is how price reacts in the 4.87900–4.92495 range around 4.90198.
- The RSI on the 15-minute chart is at 59, so there’s still room for downside pressure—I’m expecting the move to continue.
- Volume at the level is 0.36x: 16.70K traded vs 45.88K expected, and that tells me there’s real participation behind this move.
Short 50x | Traders maintain the level—this is exactly what I wanted to see.
Trading plan:
- 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
Why this setup?
- The higher timeframe still leans more toward a bearish scenario, but the main idea is how price reacts in the 4.87900–4.92495 range around 4.90198.
- The RSI on the 15-minute chart is at 59, so there’s still room for downside pressure—I’m expecting the move to continue.
- Volume at the level is 0.36x: 16.70K traded vs 45.88K expected, and that tells me there’s real participation behind this move.