$PROM +10.9% on 4.3x volume looks more like a liquidity grab than a confirmed reversal.
My 1H bias remains bearish. The aggressive volume spike and sharp move toward 5.088–5.20 look like a buy-side liquidity sweep into resistance, not clean accumulation worth chasing. With BTC also bearish, I prefer waiting for rejection rather than buying the pump.
Key downside levels: 4.811 → 4.656 → 4.423 → 4.550/4.012 if selling pressure accelerates.
Short zone: 5.05–5.20, but only after a wick above 5.088 fails and price confirms rejection with a 1H bearish engulfing, pin bar, or lower-timeframe structure shift.
No chase longs here. A confirmed 1H close above 5.088 would invalidate the bearish setup and force a reassessment...$PROM
#CryptoTrading #Altcoins #TechnicalAnalysis #Binance #Crypto
My 1H bias remains bearish. The aggressive volume spike and sharp move toward 5.088–5.20 look like a buy-side liquidity sweep into resistance, not clean accumulation worth chasing. With BTC also bearish, I prefer waiting for rejection rather than buying the pump.
Key downside levels: 4.811 → 4.656 → 4.423 → 4.550/4.012 if selling pressure accelerates.
Short zone: 5.05–5.20, but only after a wick above 5.088 fails and price confirms rejection with a 1H bearish engulfing, pin bar, or lower-timeframe structure shift.
No chase longs here. A confirmed 1H close above 5.088 would invalidate the bearish setup and force a reassessment...$PROM
#CryptoTrading #Altcoins #TechnicalAnalysis #Binance #Crypto