For people holding $PRL , the hardest thing right now isn’t deciding whether it’ll go up or down—it’s deciding whether to do something before it gets within 11% of its ATH. It doubled in 30 days and surged another 32% in the past 7 days; the trend is intact. But 24-hour trading volume is only 6.33M, down from over 10M just three days ago. The price is climbing while volume is shrinking. That kind of divergence is worth pausing to examine in any cycle.
What I care more about is whether, when $PRL retests 1.93 or even 2.00 over the next two days, volume can get back above 8M. If it breaks through on strong volume, reaching the ATH is just a matter of time. If volume keeps fading as it stalls below 2.0 and makes repeated attempts, then every upper wick is a reminder that profit-takers need to make a decision. If it pulls back but holds the recent support zone at 1.7, consolidation on declining volume is nothing to panic about. The real risk is a false breakout to a new high on low volume.
As for whether you should trim or hold now, no one can answer that for you—it depends on your cost basis and position size. But there’s only one indicator to watch: when it pushes higher again, does volume follow?
What I care more about is whether, when $PRL retests 1.93 or even 2.00 over the next two days, volume can get back above 8M. If it breaks through on strong volume, reaching the ATH is just a matter of time. If volume keeps fading as it stalls below 2.0 and makes repeated attempts, then every upper wick is a reminder that profit-takers need to make a decision. If it pulls back but holds the recent support zone at 1.7, consolidation on declining volume is nothing to panic about. The real risk is a false breakout to a new high on low volume.
As for whether you should trim or hold now, no one can answer that for you—it depends on your cost basis and position size. But there’s only one indicator to watch: when it pushes higher again, does volume follow?