$PROM DIPS: Breakdown or Bounce Incoming?
PROM has slipped -7% after a sharp sell-off, but a high-volume reaction near support suggests traders are watching this zone closely. The next move could confirm if this is a dead cat bounce or a fresh long opportunity.
Current Price: $8.888
24h High: $9.71
24h Volume: 197.98K PROM
Key Levels to Watch
Resistance Zone: $9.00 – $9.20
A reclaim and hold above this range may signal recovery toward:
• Target 1: $9.50
• Target 2: $9.90
Support Zone: $8.75 – $8.80
Losing this key support could open the door to further downside:
• Target 1: $8.30
• Target 2: $7.90
Trade Scenarios
Bullish Setup
• Reclaim of $9.00 with strong volume
Targets:
• $9.50
• $9.90
Bearish Setup
• Breakdown below $8.75
Targets:
• $8.30
• $7.90
Verdict: PROM is at a make-or-break level after a heavy selloff. If bulls reclaim $9+, a short-term reversal is possible. Otherwise, this dip could deepen. Eyes on volume and price reaction at $8.80.