$PROM … SHORT SETUP
PROM has made a sharp parabolic move of nearly 32%, reaching the 7.00–7.15 resistance zone before facing a strong rejection… The large upper wick and immediate sell-off show aggressive profit-taking.
Price is now recovering around 6.70, but the structure remains vulnerable to another rejection from the 6.80–7.00 area…
Entry: 6.70–6.90
TP1: 6.40
TP2: 6.10
TP3: 5.60
SL: 7.15
Key resistance is around 7.00… failure to reclaim this zone keeps the short setup active.
SELL $PROM and TRADE
PROM has made a sharp parabolic move of nearly 32%, reaching the 7.00–7.15 resistance zone before facing a strong rejection… The large upper wick and immediate sell-off show aggressive profit-taking.
Price is now recovering around 6.70, but the structure remains vulnerable to another rejection from the 6.80–7.00 area…
Entry: 6.70–6.90
TP1: 6.40
TP2: 6.10
TP3: 5.60
SL: 7.15
Key resistance is around 7.00… failure to reclaim this zone keeps the short setup active.
SELL $PROM and TRADE
