$PROM A new 24-hour low has appeared.
24h: -12.15%, current price: 4.888, previous low: 5.048.
Structurally, a new low means the bulls’ defensive line has been breached. On the rebound, first watch whether the price can reclaim the previous low; if it can’t, the weakness will continue. Reclaiming it would offer hope of forming a bottoming structure. What confirmation do you need before taking action?
These are only my personal views. Please make your own decisions about buying and selling.
24h: -12.15%, current price: 4.888, previous low: 5.048.
Structurally, a new low means the bulls’ defensive line has been breached. On the rebound, first watch whether the price can reclaim the previous low; if it can’t, the weakness will continue. Reclaiming it would offer hope of forming a bottoming structure. What confirmation do you need before taking action?
These are only my personal views. Please make your own decisions about buying and selling.