$PROM pushed into 2.922 and failed to hold the spike.



Trading Plan

Short PROM up to 10x

Entry: 2.08 to 2.18
SL: 2.95
TP1: 1.98
TP2: 1.88
TP3: 1.75

Price exploded into 2.922, but the move was rejected and the structure has been fading since the top. Each rebound after the spike is losing strength, and price is no longer reclaiming the higher zone cleanly. That usually signals momentum is cooling and increases the chance of another leg lower if sellers keep control.

As long as PROM stays below the rejection area, this setup favors a move back toward lower support.

Trade here $PROM ‌
PROM28,5%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin