【$PROM Signal】Negative funding rate short-squeeze + 1H MACD bullish continuation

$PROM Funding rate -0.0829%. The 1H MACD histogram bars are shrinking, but they are still above the zero line, while the 4H MACD is expanding in the bullish direction. The buy/sell depth ratio of 0.97 shows that sell pressure has not run out of control. Bulls have maintained continuous support in the 1.66-1.71 area, and current price is ranging and consolidating around 1.77. The risk-reward ratio is acceptable; stop loss is set close to 1.7533.
🎯Direction: long
⚡Entry/limit order: 1.76569 - 1.77100
🛑Stop loss: 1.75329
🚀Target 1: 1.79757
🚀Target 2: 1.81085
🛡️Trade management:
- Execution strategy: After reaching target 1, cut positions by 50% and move the stop loss up to breakeven. If price drops back to the entry zone, automatically exit to protect principal.
Depth logic: Negative funding rate + price resilience to sell-offs forms the basis for a short squeeze. The 4H Bollinger middle band at 1.6537 provides mid-term support, and short-term momentum has not yet exhausted. If the 1H MACD re-expands with increased volume, it will likely push directly to the previous high.
Check real-time quotes 👇 $PROM
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