$PROM: Liquidation Squeeze: Bears Trapped Near Critical Resistance
LONG SETUP PROM
Entry: $5.1200 - $5.1800
Stop Loss: $4.9500
Take Profit: $5.5500 (2R)
Key Levels: Support $5.1200 | Resistance $5.3500
Technical Analysis for $PROM: Prometheus holds above the 5.12 support, showing bullish momentum as the MACD histogram turns positive. Price sits below the 50 EMA, indicating a recovery phase rather than a strong trend. Watch for a break above 5.35 resistance to confirm the upward move. Invalid if price loses 4.95. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: Bitcoin remains bearish on the 4H chart, pressuring the broader market.
LONG $PROM
LONG SETUP PROM
Entry: $5.1200 - $5.1800
Stop Loss: $4.9500
Take Profit: $5.5500 (2R)
Key Levels: Support $5.1200 | Resistance $5.3500
Technical Analysis for $PROM: Prometheus holds above the 5.12 support, showing bullish momentum as the MACD histogram turns positive. Price sits below the 50 EMA, indicating a recovery phase rather than a strong trend. Watch for a break above 5.35 resistance to confirm the upward move. Invalid if price loses 4.95. LONG bias targets continuation toward resistance, with support as the invalidation level.
Market Context: Bitcoin remains bearish on the 4H chart, pressuring the broader market.
LONG $PROM