๐ PROM/USDT โ 1H Trading Plan
From the chart, the current price is around $5.833 with strong upward momentum, but itโs very close to the $5.848 resistance; therefore, itโs better not to chase the price.
๐ข Preferred scenario: Buy after a breakout
Entry: $5.85 โ $5.88 after the 1H candle closes above $5.85
Stop loss: $5.72
Target 1: $5.98 โ +2.3%
Target 2: $6.10 โ +4.3%
Target 3: $6.25 โ +6.7%
Approximate risk ratio: 2.2%
Reward/Risk to TP2: about 1 : 1.9
๐ต Alternative scenario: If it doesnโt break above $5.85 and pulls back, you can monitor $5.75โ$5.80 for entry only if a clear rebound appears.$PROM
#prom ๐
From the chart, the current price is around $5.833 with strong upward momentum, but itโs very close to the $5.848 resistance; therefore, itโs better not to chase the price.
๐ข Preferred scenario: Buy after a breakout
Entry: $5.85 โ $5.88 after the 1H candle closes above $5.85
Stop loss: $5.72
Target 1: $5.98 โ +2.3%
Target 2: $6.10 โ +4.3%
Target 3: $6.25 โ +6.7%
Approximate risk ratio: 2.2%
Reward/Risk to TP2: about 1 : 1.9
๐ต Alternative scenario: If it doesnโt break above $5.85 and pulls back, you can monitor $5.75โ$5.80 for entry only if a clear rebound appears.$PROM
#prom ๐
