Title: $PROM Channel Continuation 🚀
PROM/USDT (Perp) – Bullish channel
Entry: 6.20–6.30 (retest)
TP: 6.60 / 7.00
SL: 5.91
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
Price broke out of an ascending channel off the HL (5.45), making a fresh HH (~6.62), and is now hovering just above the 6.20 level (38.2% Fib / prior structure).
Entry: a retest of the 6.20–6.30 zone (former resistance turned support, inside the rising channel) offers better risk/reward than chasing current price.
TP1 (6.60): the recent HH / channel resistance. TP2 (7.00): channel top extension if breakout continues.
SL (5.91): below the 61.8% Fib and the channel's lower boundary — a close below here would break the bullish structure.
RSI at 63 shows solid but not extreme momentum, leaving room to run — still, wait for the retest to hold before entering rather than buying into strength.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper
PROM/USDT (Perp) – Bullish channel
Entry: 6.20–6.30 (retest)
TP: 6.60 / 7.00
SL: 5.91
⚠️ Not financial advice. DYOR.
Notes on the levels (from your chart):
Price broke out of an ascending channel off the HL (5.45), making a fresh HH (~6.62), and is now hovering just above the 6.20 level (38.2% Fib / prior structure).
Entry: a retest of the 6.20–6.30 zone (former resistance turned support, inside the rising channel) offers better risk/reward than chasing current price.
TP1 (6.60): the recent HH / channel resistance. TP2 (7.00): channel top extension if breakout continues.
SL (5.91): below the 61.8% Fib and the channel's lower boundary — a close below here would break the bullish structure.
RSI at 63 shows solid but not extreme momentum, leaving room to run — still, wait for the retest to hold before entering rather than buying into strength.
@Binance Square Official #BitcoinClears$85200 #AltcoinSeasonIndexHoldsAbove60For5Days #USADPAdds90000JobsInSeptember #Binance #ChartSniper