$PROM Signal】1H breakout + negative funding rate squeeze


$PROM Current price 2.031, the 4H Bollinger upper band at 2.0236 has been broken, and the price has held above 2.03. The 1H MACD bullish histogram is shrinking but still remains above the zero line, and no dead cross has formed. The funding rate is -0.6466%, shorts are continuing to subsidize longs, open interest is stable, and squeeze conditions are building up. Order book depth Bid/Ask is 0.83, with buy-side slightly weaker, but the price remains firm without dipping, indicating overhead sell pressure is being digested quickly.
🎯 Direction: Long
⚡ Entry / orders: 2.02491 - 2.03100
🛑 Stop loss: 1.92945
🚀 Target 1: 2.18332
🚀 Target 2: 2.25949
🛡️ Trade management: - When Target 1 is reached, cut 50%, and move the stop loss up to break even. If it falls back into the entry zone, exit.
Current risk-reward is about 1.5. The negative funding rate provides an additional safety buffer, but after the breakout, chasing higher should be wary of a false breakout. If the price retests 2.02 without breaking, it confirms support.
View live market 👇 $PROM
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PROM9.49%
BTC0.21%
ETH0.51%
SOL0.58%
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