PROM has fallen by -40.47% in the past 24 hours, but from a technical perspective, there are actually many hidden opportunities. As a game NFT token within the Layer2 ecosystem, its RSI indicator has already dropped into the oversold zone (below 30), and this extreme oversold condition often triggers a technical rebound.



After a sharp decline with increased volume, a bottom-fishing phase by funds usually follows. More importantly, the project recently announced a cooperation plan with a well-known blockchain game platform, which is enough to ignite market imagination. Based on the current technical and fundamental signals, a rebound is very likely within the next three days, with an expected increase of around 8%-15% being reasonable.

Of course, a defensive line should also be set; if the price continues to fall by more than 10%, it may be time to consider stopping the loss.
PROM13,05%
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
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
ProbablyNothing
· 01-18 17:53
A 40% drop... how desperate is that? But the RSI has broken below, indicating that everything that needed to be sold has been sold? The collaboration news seems to suggest a rebound, but I'm still a bit worried—what if it continues to crash?
View OriginalReply0
FortuneTeller42
· 01-18 17:26
Drop more than 40 points? Oh my, if I mess up this bottom-fishing move, I'll be eating dirt. Let's gamble on an RSI rebound.
View OriginalReply0
BrokenRugs
· 01-18 14:06
A 40% drop, how desperate must one be to crash like this... But the RSI has broken below the bottom, so the chance of a rebound is indeed interesting.
View OriginalReply0
PoetryOnChain
· 01-17 05:13
Hey, wait a minute. You call a 40% drop an opportunity? I just want to laugh when I see it. Isn't this just a sign of a trap for new investors?

Is the news about this cooperation reliable? I always feel like good news at times like this is just to attract buyers.

If you're really daring to buy the dip, you need to have a good mindset. The stop-loss line must be strictly maintained.
View OriginalReply0
InfraVibes
· 01-16 06:57
A sudden drop of 40% is a bit intense... but to be honest, with the RSI this low, a rebound is quite likely. It all depends on whether the funds are willing to step in.

The partnership news is good, but at times like this, it's easy to be hyped up, so be cautious.
View OriginalReply0
NotFinancialAdviser
· 01-16 06:56
Drop 40%? Damn, that’s gotta be incredibly hopeless... But then again, RSI is already in oversold territory, a rebound could be just around the corner.

---

Is the partnership news reliable? Why does it feel like they say that every time?

---

I just want to know if the bottom-fishers will get trapped again.

---

Set the stop-loss at -10%. It’s safe and sound, but missing the rebound is also pretty tough.

---

I’ve seen this routine too many times. Every time they say it’s a technical rebound, then it crashes even more.

---

Wait, are there still people playing layer2 game NFTs now?

---

I’m a bit tempted, but I want to see how the next few hours unfold.

---

Don’t talk about 8 to 15. If it can rebound 5%, I’ll be satisfied.
View OriginalReply0
NervousFingers
· 01-16 06:48
A 40% decline... Should I laugh or cry? I've heard the RSI oversold theory too many times, but it still keeps dropping further.

Partnership news? Well, let's wait and see. These days, good news announcements are as common as paper.
View OriginalReply0
GasOptimizer
· 01-16 06:37
40% decline... The RSI oversold explanation is getting tired. By the way, is the cooperation news true? It depends on whether the fundamentals can hold up; otherwise, the rebound is just a trap.
View OriginalReply0
BuyHighSellLow
· 01-16 06:35
A 40% drop, huh? That's like a lesson for us... Does an oversold RSI necessarily mean a rebound? I vaguely remember saying the same thing last time.

Just listen to the partnership news, don't take it too seriously. Setting a 10% stop-loss on the defense line, I think, is still too loose.
View OriginalReply0
DAOdreamer
· 01-16 06:33
Dropped over 40 points, RSI is already in oversold territory... If not now, when? As soon as the collaboration news comes out, I feel it's about to rise again.
View OriginalReply0
View More
  • Pin