$PROM — The price is now 4.835, and this is a case where the entry no longer looks early.
Over a short period, the price has stayed below the hourly average but hasn’t moved higher—the level has drawn a reaction, but there’s been no follow-through. Volume has multiplied, but that’s more a sign of a struggle around the level than a signal of an upward reversal. The daily timeframe is bearish, while the hourly and four-hour timeframes are bullish. It’s a genuine contradiction, and it calls for a plan, not a rush.
SHORT plan: entry 4.827–4.843 | stop 4.924
TP1 4.72 | TP2 4.656 | TP3 4.586
Over a short period, the price has stayed below the hourly average but hasn’t moved higher—the level has drawn a reaction, but there’s been no follow-through. Volume has multiplied, but that’s more a sign of a struggle around the level than a signal of an upward reversal. The daily timeframe is bearish, while the hourly and four-hour timeframes are bullish. It’s a genuine contradiction, and it calls for a plan, not a rush.
SHORT plan: entry 4.827–4.843 | stop 4.924
TP1 4.72 | TP2 4.656 | TP3 4.586