PROM has recently exhibited interesting technical features. After dropping to 6.79, the price began to stabilize and then entered a sideways consolidation phase at a low level. From the market performance, a large number of retail investors have already exited during the previous sharp decline, and the selling pressure below has significantly eased, which usually indicates the completion of the accumulation phase.



From a trading perspective, it is advisable to consider 7.0 as the main entry zone, with a stop loss set at 6.77 to handle extreme volatility. Regarding profit-taking plans, a phased profit-taking strategy is recommended: the first target at 7.67, after which you can consider reducing positions at 8.2 for the second batch, and the final batch should focus on the clear resistance area at 8.5. If a successful breakthrough of 8.5 occurs, the rebound space may further expand, and traders can flexibly adjust their positions based on market momentum.
PROM-1.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned