$PROM up 15.7% in 24 hours and the spike already failed. Perp printed 6.499 on the heaviest 15-minute volume of the day, then closed back at 5.835. Round trip, no net demand. Open interest jumped 11.6% in that hour while funding stayed flat at 0.005% per 4h. Leverage is piling in without a bid.

I take $PROM down to 5.51. A close above 6.52 and I'm wrong.

Which comes first, 5.51 or 6.52?