$PROM entered an exciting phase; after being pushed down, the buyer started lifting again and volume increased too,
Entry: 6.4971–6.5730
TP1: 6.8836
TP2: 7.1322
SL: 6.2624
On the 1H timeframe, price is still holding above the 6.07 area and its rising structure hasn’t been broken. OI also increased by about 2% within 5 hours, while short positions are still more crowded with L/S 0.42. Momentum hasn’t died yet, but PROM has already moved quite far above its average range, so the next leg could still be hard and fast.
If the 6.49–6.57 area is touched again and buyers keep control, the room toward 6.88 and then 7.13 is still open. Binance also currently shows PROM is still around the $6 area and its 24-hour activity remains fairly strong.
Entry: 6.4971–6.5730
TP1: 6.8836
TP2: 7.1322
SL: 6.2624
On the 1H timeframe, price is still holding above the 6.07 area and its rising structure hasn’t been broken. OI also increased by about 2% within 5 hours, while short positions are still more crowded with L/S 0.42. Momentum hasn’t died yet, but PROM has already moved quite far above its average range, so the next leg could still be hard and fast.
If the 6.49–6.57 area is touched again and buyers keep control, the room toward 6.88 and then 7.13 is still open. Binance also currently shows PROM is still around the $6 area and its 24-hour activity remains fairly strong.
