$PROM
๐ด $PROM | Short Setup
Price is losing steam โ here is what I am watching. ๐
๐ PROM is showing considerable weakness with a steep 24-hour price drop, indicating strong bearish sentiment. The increased selling volume confirms the dominance of sellers, suggesting a high probability of further downward movement. We anticipate a continuation of this trend, targeting key support zones.
๐ฏ Trade Plan
โข Entry: 5.18
โข Stop Loss: 5.34
โข TP1: 5.05
โข TP2: 4.95
โข TP3: 4.82
โก Trigger:
Initiate a SHORT position if PROM's price action decisively breaks below the 5.18 level, confirming continued bearish momentum.
โ ๏ธ Risk Note:
Trading cryptocurrencies involves substantial risk and is not suitable for all investors. Prices can be highly volatile, and you may lose a significant portion or all of your invested capital. Please conduct your own research and only risk capital you can afford to lose.
#PROM #Crypto #SwingTrading #Short #Bearish
๐ด $PROM | Short Setup
Price is losing steam โ here is what I am watching. ๐
๐ PROM is showing considerable weakness with a steep 24-hour price drop, indicating strong bearish sentiment. The increased selling volume confirms the dominance of sellers, suggesting a high probability of further downward movement. We anticipate a continuation of this trend, targeting key support zones.
๐ฏ Trade Plan
โข Entry: 5.18
โข Stop Loss: 5.34
โข TP1: 5.05
โข TP2: 4.95
โข TP3: 4.82
โก Trigger:
Initiate a SHORT position if PROM's price action decisively breaks below the 5.18 level, confirming continued bearish momentum.
โ ๏ธ Risk Note:
Trading cryptocurrencies involves substantial risk and is not suitable for all investors. Prices can be highly volatile, and you may lose a significant portion or all of your invested capital. Please conduct your own research and only risk capital you can afford to lose.
#PROM #Crypto #SwingTrading #Short #Bearish