$PROM
· Entry Zone: 3.65 – 3.68 (Current price or a small bounce to the MA7)
· Stop Loss: 3.85 (Above the recent consolidation high)
· Take Profit: 3.30 (Near the MA99 support)
Why?
· Price pumped +27% but is now trading below the 7 & 25 MAs.
· Supertrend is strongly bearish at 4.68 (price is far below it).
· RSI is dropping (41.9) and volume is drying up on the bounce, showing weak buying pressure.
Risk/Reward: ~1:1.75 (Risk 0.20 to make 0.35).
#prom
· Entry Zone: 3.65 – 3.68 (Current price or a small bounce to the MA7)
· Stop Loss: 3.85 (Above the recent consolidation high)
· Take Profit: 3.30 (Near the MA99 support)
Why?
· Price pumped +27% but is now trading below the 7 & 25 MAs.
· Supertrend is strongly bearish at 4.68 (price is far below it).
· RSI is dropping (41.9) and volume is drying up on the bounce, showing weak buying pressure.
Risk/Reward: ~1:1.75 (Risk 0.20 to make 0.35).
#prom
