📊 Technical warning for coin $PROM (daily timeframe):
Despite the price explosion and extremely high volume, the RSI indicator has reached a sharp spike at 96.79. Historically, this kind of spike makes the chances of a drop and correction much higher than the likelihood of an uninterrupted direct uptrend.
📉 Downside scenario (more likely): Taking profits to cool things down may push the price down to retest today’s support at 5.800; if the correction deepens, it could move toward 4.710.
📈 Upside scenario (less risky): In an exceptional case, with support from the current volume, the rally could extend to test the top at 7.168, then 7.467—but entering here is high risk.
⚠️ Caution: Don’t chase the inflated green candles.
#NYSilverFuturesDrop3%
Despite the price explosion and extremely high volume, the RSI indicator has reached a sharp spike at 96.79. Historically, this kind of spike makes the chances of a drop and correction much higher than the likelihood of an uninterrupted direct uptrend.
📉 Downside scenario (more likely): Taking profits to cool things down may push the price down to retest today’s support at 5.800; if the correction deepens, it could move toward 4.710.
📈 Upside scenario (less risky): In an exceptional case, with support from the current volume, the rally could extend to test the top at 7.168, then 7.467—but entering here is high risk.
⚠️ Caution: Don’t chase the inflated green candles.
#NYSilverFuturesDrop3%