$PROM In a historical buy-side peak zone on the daily... RSI breaks 89 and the price is 330% away from the EMA200 🔥
$PROM /USDT — short 🔴
Trading plan:
Entry: 6.976 – 7.3678
Stop loss: 7.7596
Target 1: 5.213
Target 2: 3.8418
Target 3: 2.4705
Why this setup?
RSI at 89.29 reflects a sharp buying oversaturation on the daily timeframe
The price is more than 330% away from the EMA200 and 160% from the VWAP, increasing the probability of a violent rebound
Market sentiment leans toward selling 58%, supporting the deep correction scenario
Do you think the correction will reach the third target, or will it stop at a test of the averages?
$PROM (Reminder: Timeframe: 1d | Event: Macro Extremes)
This content is not investment advice—do your own research (DYOR)
$PROM /USDT — short 🔴
Trading plan:
Entry: 6.976 – 7.3678
Stop loss: 7.7596
Target 1: 5.213
Target 2: 3.8418
Target 3: 2.4705
Why this setup?
RSI at 89.29 reflects a sharp buying oversaturation on the daily timeframe
The price is more than 330% away from the EMA200 and 160% from the VWAP, increasing the probability of a violent rebound
Market sentiment leans toward selling 58%, supporting the deep correction scenario
Do you think the correction will reach the third target, or will it stop at a test of the averages?
$PROM (Reminder: Timeframe: 1d | Event: Macro Extremes)
This content is not investment advice—do your own research (DYOR)
