🎯 $PROM USDT — Distribution Setup? 📉
$PROM printed a Buying Climax at $4.99, then swept liquidity hard to $3.78.
🔍 Key confluence:
• 📊 Daily RSI 80+ (extreme overbought)
• 📉 15m Bearish MSS + EMA death cross
• 🧊 High-volume dumps, weak bounces (distribution)
• 🌊 Elliott: Wave 3 complete → Wave 4 targets $3.66–$3.24
• 🎯 Fib: 38.2% $3.66 | 50% $3.24
⚡ The Play
Short retest of $4.00–$4.16 (broken support / FVG)
🛑 SL: $4.25
🎯 TP1: $3.78 | TP2: $3.66 | TP3: $3.24
⚖️ R:R 2.5:1 → 5:1
🚨 Invalidation: 4h close above $4.25 → bulls resume toward $6+
$PROM #BinanceSquare #Crypto #Altcoins #TradingSetup #BinanceFutures
$PROM printed a Buying Climax at $4.99, then swept liquidity hard to $3.78.
🔍 Key confluence:
• 📊 Daily RSI 80+ (extreme overbought)
• 📉 15m Bearish MSS + EMA death cross
• 🧊 High-volume dumps, weak bounces (distribution)
• 🌊 Elliott: Wave 3 complete → Wave 4 targets $3.66–$3.24
• 🎯 Fib: 38.2% $3.66 | 50% $3.24
⚡ The Play
Short retest of $4.00–$4.16 (broken support / FVG)
🛑 SL: $4.25
🎯 TP1: $3.78 | TP2: $3.66 | TP3: $3.24
⚖️ R:R 2.5:1 → 5:1
🚨 Invalidation: 4h close above $4.25 → bulls resume toward $6+
$PROM #BinanceSquare #Crypto #Altcoins #TradingSetup #BinanceFutures
