$PROM: Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP PROM
Entry: $4.7300 - $4.7350
Stop Loss: $4.9218
Take Profit: $4.3539 (2R)
Key Levels: Support $4.5280 | Resistance $4.9080
Technical Analysis for $PROM: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. RSI at 43 signals modest bearish momentum, while Stochastic K (40) under D (48) points to further downside. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure. The nearby resistance and support levels frame the current market structure.
Market Context: BTC remains in a bearish 4hour trend and the broader market shows 92.7% red, reinforcing downside bias for risk assets.
SHORT $PROM
SHORT SETUP PROM
Entry: $4.7300 - $4.7350
Stop Loss: $4.9218
Take Profit: $4.3539 (2R)
Key Levels: Support $4.5280 | Resistance $4.9080
Technical Analysis for $PROM: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. RSI at 43 signals modest bearish momentum, while Stochastic K (40) under D (48) points to further downside. Together, these indicators favor SHORT continuation toward support. Negative momentum and trend readings give this setup a clear bearish structure. The nearby resistance and support levels frame the current market structure.
Market Context: BTC remains in a bearish 4hour trend and the broader market shows 92.7% red, reinforcing downside bias for risk assets.
SHORT $PROM