đ $PROM +14% â Bulls Are Holding The Breakout Zone! đ„
After a sharp move toward $4.99, price is now consolidating around $4.28 instead of giving back the entire rally. The structure still favors buyers, but the next breakout is important.
â±ïž 1H â Building Pressure
Price is holding above the $4.06â$4.10 area, with the short-term averages turning supportive. A clean move above $4.45 could bring the recent high back into focus.
đ 4H â Bullish Structure
The trend remains strong with higher highs and higher lows. Holding above $4.00â$4.10 keeps the breakout structure intact.
đ 1D â Strong Momentum
Daily candles remain firmly above the major moving averages, while volume and MACD support the broader bullish trend.
đŻ Levels to watch
đą Support: $4.05â$4.10
⥠Breakout: $4.45â$4.50
đ Target: $4.99
đ„ Above $4.99: potential price discovery
â ïž Bear case: Losing $4.00 could trigger a deeper pullback toward $3.75â$3.55.
My take: Bulls still have control, but confirmation above $4.50 would make the next move much more interesting. đđ
Can the buyers reclaim $4.99?
#ZECBreaksKeyResistanceUp75.5% #OilHoldsLosses #KazakhstanCutsOilOutputForecastTo96MTons #JapanNoAdditionalOilReserveReleaseInSepOct
After a sharp move toward $4.99, price is now consolidating around $4.28 instead of giving back the entire rally. The structure still favors buyers, but the next breakout is important.
â±ïž 1H â Building Pressure
Price is holding above the $4.06â$4.10 area, with the short-term averages turning supportive. A clean move above $4.45 could bring the recent high back into focus.
đ 4H â Bullish Structure
The trend remains strong with higher highs and higher lows. Holding above $4.00â$4.10 keeps the breakout structure intact.
đ 1D â Strong Momentum
Daily candles remain firmly above the major moving averages, while volume and MACD support the broader bullish trend.
đŻ Levels to watch
đą Support: $4.05â$4.10
⥠Breakout: $4.45â$4.50
đ Target: $4.99
đ„ Above $4.99: potential price discovery
â ïž Bear case: Losing $4.00 could trigger a deeper pullback toward $3.75â$3.55.
My take: Bulls still have control, but confirmation above $4.50 would make the next move much more interesting. đđ
Can the buyers reclaim $4.99?
#ZECBreaksKeyResistanceUp75.5% #OilHoldsLosses #KazakhstanCutsOilOutputForecastTo96MTons #JapanNoAdditionalOilReserveReleaseInSepOct
