$PROM The 4-hour move was up 4.3%, but trading volume this hour was only 0.4 times the average, while the price climbed back from 4.528 to 4.799. Who's buying? I checked the funding rate, and it's still positive, which means longs are paying to hold their positions. But this volume is nowhere near enough to support aggressive buying. I lean toward this move being shorts taking profits near 4.53, not fresh capital coming in. The low of 4.528 was made on heavy selling volume; as long as it holds, the price can still consolidate in the short term. For a real push higher, trading volume needs to get back above 1.5 times the average. Otherwise, above 4.9 is just an exit point for those who got trapped earlier. Right now, the volume and price signals don't line up, so I'm not adding to my position.

#PROM #BinanceSquare #Crypto