PROM is in the area that needs monitoring: the 4h trend tilts toward LONG, while the 15m RSI at 60.4 may cause short-term volatility.
$PROM – LONG
Trading plan:
Entry: $5.4344 – $5.4776
SL: $5.2404
TP1: $5.8440
TP2: $6.0309
TP3: $6.2464
Why this setup?
• The 4h trend is LONG, with EMA20 at $5.6577 and EMA50 at $5.4313, confirming the upward momentum.
• The 15m RSI is 60.4; the 4h RSI is 45.9—wait for price to react in the entry zone.
• The 1h ATR is $0.1437; TP1 is set according to a profit/risk ratio of 1.8.
Discussion:
Is the short-term momentum enough confirmation for the move toward TP1, or will price sweep the SL zone before continuing?
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$PROM – LONG
Trading plan:
Entry: $5.4344 – $5.4776
SL: $5.2404
TP1: $5.8440
TP2: $6.0309
TP3: $6.2464
Why this setup?
• The 4h trend is LONG, with EMA20 at $5.6577 and EMA50 at $5.4313, confirming the upward momentum.
• The 15m RSI is 60.4; the 4h RSI is 45.9—wait for price to react in the entry zone.
• The 1h ATR is $0.1437; TP1 is set according to a profit/risk ratio of 1.8.
Discussion:
Is the short-term momentum enough confirmation for the move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
