$PROM still bid into the close on the 1H
$PROM · LONG · Conf 65%
Trade Plan:
Entry: 6.952 - 7.150
SL: 6.500
TP1: 7.890
TP2: 8.444
TP3: 8.998
TP4: 9.552
R:R about 2.5 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
PROM/USDT 7.150, +44.95% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 64.8 with volume x0.45 against the 20-bar average.
- Price is working a rising wedge, which usually resolves sharply.
- Invalidation is unambiguous: through 6.500 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 6.737 · 4.933 · 4.811 | R 7.168 · 7.890
Debate:
After a move this size in PROM, is the risk missing the next leg or holding the top?
Trade PROM: spot https://www.binance.com/en/trade/PROM_USDT | futures https://www.binance.com/en/futures/PROMUSDT
$PROM #PROM #Write2Earn #TrendTrading #Altcoins
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
$PROM · LONG · Conf 65%
Trade Plan:
Entry: 6.952 - 7.150
SL: 6.500
TP1: 7.890
TP2: 8.444
TP3: 8.998
TP4: 9.552
R:R about 2.5 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
PROM/USDT 7.150, +44.95% over 24h.
Why this setup?
- Price holding above the 200 EMA, long-term structure bullish
- EMA20 above EMA50, short-term momentum up
- 4H trend supportive
- RSI(14) at 64.8 with volume x0.45 against the 20-bar average.
- Price is working a rising wedge, which usually resolves sharply.
- Invalidation is unambiguous: through 6.500 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S 6.737 · 4.933 · 4.811 | R 7.168 · 7.890
Debate:
After a move this size in PROM, is the risk missing the next leg or holding the top?
Trade PROM: spot https://www.binance.com/en/trade/PROM_USDT | futures https://www.binance.com/en/futures/PROMUSDT
$PROM #PROM #Write2Earn #TrendTrading #Altcoins
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
