$PROM Signal | Bullish squeeze: potential for 1H breakout + short squeeze

$PROM Current price 1.771, the 1H MACD histogram has started to narrow but is still operating above the zero line, and the 4H Bollinger mid-band support at 1.6537 remains solid. The funding rate of -0.0829% continues to stay negative, with higher short crowding; a depth imbalance of -1.32% indicates sell orders are slightly thicker, but buy-side support actions are frequent, and sell pressure is quickly being absorbed. The 1H RSI at 66.46 has not entered the overbought zone yet, so there is still room for upside. Personally, I think the risk-reward at this level is reasonable—place the stop loss tightly just below the prior low.
🎯 Direction: Go long
⚡ Entry / orders: 1.76569 - 1.77100
🛑 Stop loss: 1.75329
🚀 Target 1: 1.79757
🚀 Target 2: 1.81085
🛡️ Trade management: - Execution: After reaching Target 1, reduce position size by 50% and move the stop loss up to break-even. If the price drops back to the entry area, automatically exit to protect principal.
With the funding rate negative and price holding firmly, the probability that shorts are forced to close increases; although the 1H MACD is contracting, it has not formed a dead cross, and bullish attack intent remains. This current range is a dense trading area—after placing limit orders to enter, wait for a breakout with increased volume.
Check real-time 👇 $PROM
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