+40% in one day. Shorts are getting absolutely destroyed on PROM.
The long/short ratio is 0.71. Meaning most traders are SHORT while price is up 40%. That is a short squeeze in real time.
📊 THE PICTURE
• Price: $3.81 (+40.17%)
• 4H RSI: 83.6 (deeply overbought)
• Daily RSI: 75.1 (strong momentum)
• Volume: 2.09x average (surging)
• MACD: strong bullish on both TFs
• Price blew past SMA99 ($1.48 to $3.81!)
💡 WHY THIS TRADE?
Short squeezes are the most violent moves in crypto. When shorts are forced to cover, they become buyers, pushing price even higher. PROM has crushed its 99-day MA, which is a major trend shift signal.
But with 4H RSI at 83.6, the smart move is to wait. Squeezes end as fast as they start.
📋 TRADE PLAN
✅ Entry (pullback): $3.50 - $3.80
❌ Stop Loss: $3.20
🎯 TP1: $4.11 | TP2: $4.26
⚠️ DISCLAIMER: Not financial advice. DYOR.
Biggest gainer today. Squeeze continues or are we late to the party? 👇
#PROM #ShortSqueeze #DYOR
The long/short ratio is 0.71. Meaning most traders are SHORT while price is up 40%. That is a short squeeze in real time.
📊 THE PICTURE
• Price: $3.81 (+40.17%)
• 4H RSI: 83.6 (deeply overbought)
• Daily RSI: 75.1 (strong momentum)
• Volume: 2.09x average (surging)
• MACD: strong bullish on both TFs
• Price blew past SMA99 ($1.48 to $3.81!)
💡 WHY THIS TRADE?
Short squeezes are the most violent moves in crypto. When shorts are forced to cover, they become buyers, pushing price even higher. PROM has crushed its 99-day MA, which is a major trend shift signal.
But with 4H RSI at 83.6, the smart move is to wait. Squeezes end as fast as they start.
📋 TRADE PLAN
✅ Entry (pullback): $3.50 - $3.80
❌ Stop Loss: $3.20
🎯 TP1: $4.11 | TP2: $4.26
⚠️ DISCLAIMER: Not financial advice. DYOR.
Biggest gainer today. Squeeze continues or are we late to the party? 👇
#PROM #ShortSqueeze #DYOR