DOUBLE-TOP REJECTION UNLOCKS FRESH DOWNSIDE FOR $PROM đđŻ
Entry: 2.23 â 2.30 đŻ
Stop Loss: 2.48 đ
TP1: 2.15 â
TP2: 2.05 â
TP3: 1.95 â
The institutional footprint on $PROM is unmistakable. After the violent rejection from the 3.50+ supply zone, buyers have been systematically losing controlâeach attempted rally produces a lower high, confirming that passive sell-side liquidity is still absorbing every bid. The breakdown of the 2.40â2.50 consolidation shelf was the final confirmation that smart money was distributing into that range.
Price is now pressing into the 2.20 demand shelf, but this looks less like a support zone and more like a liquidity magnet for the next leg down. As long as price respects 2.48 as the invalidation level, the path of least resistance remains lower. The recent consolidation was simply a re-accumulation phase for shorts to build fresh positions before the next impulsive move.
The question isn't whether the structure is bearishâit's whether you have the discipline to let the setup play out without moving your stop. What level would invalidate your bearish thesis? đđ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #PROM #CryptoTrading #ShortSetup #TechnicalAnalysis
đđ„
Entry: 2.23 â 2.30 đŻ
Stop Loss: 2.48 đ
TP1: 2.15 â
TP2: 2.05 â
TP3: 1.95 â
The institutional footprint on $PROM is unmistakable. After the violent rejection from the 3.50+ supply zone, buyers have been systematically losing controlâeach attempted rally produces a lower high, confirming that passive sell-side liquidity is still absorbing every bid. The breakdown of the 2.40â2.50 consolidation shelf was the final confirmation that smart money was distributing into that range.
Price is now pressing into the 2.20 demand shelf, but this looks less like a support zone and more like a liquidity magnet for the next leg down. As long as price respects 2.48 as the invalidation level, the path of least resistance remains lower. The recent consolidation was simply a re-accumulation phase for shorts to build fresh positions before the next impulsive move.
The question isn't whether the structure is bearishâit's whether you have the discipline to let the setup play out without moving your stop. What level would invalidate your bearish thesis? đđ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #PROM #CryptoTrading #ShortSetup #TechnicalAnalysis
đđ„