$PROM: Panic Selling Risk Increases as $PROM Tests Critical Floor
SHORT SETUP PROM
Entry: $6.0500 - $6.0700
Stop Loss: $6.2800
Take Profit: $5.6200 (2R)
Key Levels: Support $5.1770 | Resistance $6.1230
Technical Analysis for $PROM: Price is below all EMAs and MACD histogram is negative, showing bearish momentum. Stochastic K near zero and price under the lower Bollinger band suggest oversold conditions that may bounce to the 4hour resistance near 6.12. Orderbook shows strong bids, but a break above 6.12 would invalidate the short. Watch for a retest of 6.056.07 entry and a stop around
Market Context: BTC remains bullish on higher timeframes and the broader market is broadly positive, supporting risk appetite.
SHORT $PROM
SHORT SETUP PROM
Entry: $6.0500 - $6.0700
Stop Loss: $6.2800
Take Profit: $5.6200 (2R)
Key Levels: Support $5.1770 | Resistance $6.1230
Technical Analysis for $PROM: Price is below all EMAs and MACD histogram is negative, showing bearish momentum. Stochastic K near zero and price under the lower Bollinger band suggest oversold conditions that may bounce to the 4hour resistance near 6.12. Orderbook shows strong bids, but a break above 6.12 would invalidate the short. Watch for a retest of 6.056.07 entry and a stop around
Market Context: BTC remains bullish on higher timeframes and the broader market is broadly positive, supporting risk appetite.
SHORT $PROM
