$PROM is one of the charts I’m watching closely right now.
The move from $3.73 to $5.00 was aggressive.
Instead of completely reversing, price is now consolidating around $4.67.
That changes the picture.
$4.50-ish is the zone I’d want to see defended, while $5.00 remains the obvious resistance.
A clean reclaim could bring fresh momentum.
A loss of support would tell a different story.
Strong chart, but volatility is the game here.
The move from $3.73 to $5.00 was aggressive.
Instead of completely reversing, price is now consolidating around $4.67.
That changes the picture.
$4.50-ish is the zone I’d want to see defended, while $5.00 remains the obvious resistance.
A clean reclaim could bring fresh momentum.
A loss of support would tell a different story.
Strong chart, but volatility is the game here.