š» $PROM SHORT SETUP š“
Sellers are stepping in ā here's the setup. ā”
PROM has witnessed a significant -16.043% price contraction over the last 24 hours, accompanied by robust quote volume, signalling strong underlying selling pressure. This sharp downside move suggests the potential for further capitulation as sellers remain in control.
š 24h: -16.04% | Vol: $13,135,907
Trade Plan
Entry: 4.642
Stop Loss: 4.76
TP1: 4.52
TP2: 4.41
TP3: 4.27
āļø Risk:Reward (TP1) ā 1:1.03
Trigger:
Confirmation of continued bearish momentum
Risk Note:
This trade carries inherent risk due to market volatility. Effective risk management, including strict adherence to the stop loss and appropriate position sizing, is crucial.
Where do you see this heading? š
#PROM #prom
Sellers are stepping in ā here's the setup. ā”
PROM has witnessed a significant -16.043% price contraction over the last 24 hours, accompanied by robust quote volume, signalling strong underlying selling pressure. This sharp downside move suggests the potential for further capitulation as sellers remain in control.
š 24h: -16.04% | Vol: $13,135,907
Trade Plan
Entry: 4.642
Stop Loss: 4.76
TP1: 4.52
TP2: 4.41
TP3: 4.27
āļø Risk:Reward (TP1) ā 1:1.03
Trigger:
Confirmation of continued bearish momentum
Risk Note:
This trade carries inherent risk due to market volatility. Effective risk management, including strict adherence to the stop loss and appropriate position sizing, is crucial.
Where do you see this heading? š
#PROM #prom