Long watch on $PROM : open interest -15.7% in 24h while price moved -10.9%.
That tells me positions are being closed and leverage is flushing out. Hold 5.47 and that becomes fuel. Lose 5.18 and it flushes the other way.
What I'm seeing:
- 4H price 5.49 below EMA50 5.96: this is a bounce attempt under the trend, so the stop matters
- Risk 5.7% to SL vs 9.1% to TP3: about 1.6R if the full move plays out
- Daily above EMA200 3.45: the bigger trend is on this side
🟢 LONG · Entry 5.467–5.511 · TP 5.676 / 5.801 / 5.989 · SL 5.177
Clean pullback from here, or one more sweep first?
NFA · DYOR
That tells me positions are being closed and leverage is flushing out. Hold 5.47 and that becomes fuel. Lose 5.18 and it flushes the other way.
What I'm seeing:
- 4H price 5.49 below EMA50 5.96: this is a bounce attempt under the trend, so the stop matters
- Risk 5.7% to SL vs 9.1% to TP3: about 1.6R if the full move plays out
- Daily above EMA200 3.45: the bigger trend is on this side
🟢 LONG · Entry 5.467–5.511 · TP 5.676 / 5.801 / 5.989 · SL 5.177
Clean pullback from here, or one more sweep first?
NFA · DYOR
