I’m bearish on $PROM and getting ready to catch a short-term pullback.

Right now the funding rate is negative. That long upper wick on the 1-hour chart already looks clearly worn out. I’ll set up a short here to ride a wave of the post-long squeeze as the tide turns.

You can watch the entry zone around 1.8 to 1.845. To the downside, look at 1.7 or 1.6. Place the stop/defense at 1.9.

But be mindful of the risks: the macro broader uptrend is still bullish. If the price strongly breaks above 1.8550, the short thesis may no longer hold. Everyone, please don’t go all-in—manage your position size according to your own account.

Also, there is selling pressure below $SKHYNIX and $HANA as well—worth keeping an eye on too.