$PROM 24h drops 9.459% to 5.728. The trading value in 1 hour is 2.95 times the 24h hourly average, yet the open position value has fallen by 6.26%—even with volume expanding on the decline, positions are still being reduced. Are the longs leaving, not new shorts moving in!
The buy-sell ratio for 1 hour is slightly bearish at 0.821, but for 15 minutes it rebounds to 1.422—there are buyers providing support in the short term. Funding rate is +0.005%. Longs pay a little; it’s not crowded. Interpretation: it looks more like stop-loss orders are clearing out; but those 15-minute bid supports need to hold to 5.936 to count.
Invalidation conditions: price falls back below 24h low of 5.419, or it cannot stay above 5.936 one hour from now.
#PROM
The buy-sell ratio for 1 hour is slightly bearish at 0.821, but for 15 minutes it rebounds to 1.422—there are buyers providing support in the short term. Funding rate is +0.005%. Longs pay a little; it’s not crowded. Interpretation: it looks more like stop-loss orders are clearing out; but those 15-minute bid supports need to hold to 5.936 to count.
Invalidation conditions: price falls back below 24h low of 5.419, or it cannot stay above 5.936 one hour from now.
#PROM
