$PROM Short-term violent rally and spike, then rapid pullback. After the move, many long positions take profit in large amounts📉
Entry: 6.30–6.45
TP1: 6.00
TP2: 5.72
TP3: 5.35
SL: 6.75
After the asset’s extreme surge, heavy sell pressure clustered overhead was released. The price quickly retraced from the high. The Bollinger Band upper rail was smashed through hard. Since the short-term increase was too large, a massive amount of longs locked in profits and fled. The market has entered a pullback and correction/repair phase.
This volatility has been extremely aggressive—be sure to strictly follow your stop-loss. Avoid gambling with an oversized position. The pace of any reversal can be very fast.
Just my personal chart/market view, not investment advice. The crypto market is highly volatile—please manage your position and risk properly. DYOR👇 $PROM
Entry: 6.30–6.45
TP1: 6.00
TP2: 5.72
TP3: 5.35
SL: 6.75
After the asset’s extreme surge, heavy sell pressure clustered overhead was released. The price quickly retraced from the high. The Bollinger Band upper rail was smashed through hard. Since the short-term increase was too large, a massive amount of longs locked in profits and fled. The market has entered a pullback and correction/repair phase.
This volatility has been extremely aggressive—be sure to strictly follow your stop-loss. Avoid gambling with an oversized position. The pace of any reversal can be very fast.
Just my personal chart/market view, not investment advice. The crypto market is highly volatile—please manage your position and risk properly. DYOR👇 $PROM