PROM fell from 7.88 to 5.29 last night; within 24 hours it dropped 15%. In theory, with a drop like this, big capital should be stepping in. Spot fund flows also look like it: over the past 3 hours, there have been 12 consecutive 15-minute candlesticks with continuous net inflows, and the volume isn’t small. But the price just can’t be lifted—every time it rebounds to 5.64, it gets capped.
The order book tells the story: in active contract trades, sell orders account for 60%. In the final 15 minutes, large orders switched from buys to sells, and the incoming money couldn’t even absorb the sell pressure. Open interest shrank by 9.3% in a day. In the rebound’s recent candles, there’s no new positioning—only leveraged longs are retreating.
The structure also favors the bears: a large bearish daily candle, and the 4-hour timeframe shows momentum has run out. Price is still below the 50-day moving average. Whale long positions did add 2%, but the proportion of long accounts is only 38%—it’s only a few big players holding up the trade, and they can’t support a reversal.
This rebound is basically “feeding” short sellers. If you short, first look for a breakdown below 5.29, then target 4.65. If the 4-hour close regains above 6.5 and the active buy/sell ratio turns positive, then it means my call is wrong—shorts will immediately exit.
#prom $PROM
The order book tells the story: in active contract trades, sell orders account for 60%. In the final 15 minutes, large orders switched from buys to sells, and the incoming money couldn’t even absorb the sell pressure. Open interest shrank by 9.3% in a day. In the rebound’s recent candles, there’s no new positioning—only leveraged longs are retreating.
The structure also favors the bears: a large bearish daily candle, and the 4-hour timeframe shows momentum has run out. Price is still below the 50-day moving average. Whale long positions did add 2%, but the proportion of long accounts is only 38%—it’s only a few big players holding up the trade, and they can’t support a reversal.
This rebound is basically “feeding” short sellers. If you short, first look for a breakdown below 5.29, then target 4.65. If the 4-hour close regains above 6.5 and the active buy/sell ratio turns positive, then it means my call is wrong—shorts will immediately exit.
#prom $PROM
