$PROM PROM is currently around $5.33, and the higher timeframes are starting to look weak after that huge rally.
📉 My bearish thesis: • Rejection from the ~$5.7–6.4 area
• 12H MACD has turned bearish
• Price is struggling around the $5.34 mid-Bollinger level
• Momentum/volume has been fading
• 5D chart looks heavily extended after the massive move
If $5.10 breaks with confirmation, I’ll be watching lower supports around $4.52 → $3.70 → $2.95.
🎯 My TP: $2.95
📉 My bearish thesis: • Rejection from the ~$5.7–6.4 area
• 12H MACD has turned bearish
• Price is struggling around the $5.34 mid-Bollinger level
• Momentum/volume has been fading
• 5D chart looks heavily extended after the massive move
If $5.10 breaks with confirmation, I’ll be watching lower supports around $4.52 → $3.70 → $2.95.
🎯 My TP: $2.95