$PROM 💪MILD BULLISH MOMENTUM 💪
PROM/USDT Technical Trade Setup
Current Price: $5.620
24h Change: +4.17%
24h Volume: $734,129 (relatively low liquidity)
---
Technical Analysis
Trend Overview:
PROM has shown a mild bullish bounce today, but the low volume suggests caution.
The price is likely recovering from a local bottom; however, sustained uptrend needs volume confirmation.
Trade Scenarios
Scenario 1: Breakout Trade
Entry: On breakout above $5.80 with 4H candle close and rising volume
Target 1: $6.20
Target 2: $6.50
Stop Loss: $5.50
Rationale: Trend continuation if resistance is broken with volume
Scenario 2: Pullback Buy
Entry: $5.30–$5.35 (support area bounce)
Target 1: $5.60
Target 2: $5.80
Stop Loss: $5.00
Rationale: Lower-risk entry if price retests and holds support
---
Risk Management
Risk per trade: Max 1–2% of capital
Confirmations to watch:
Volume > $1M for breakout validity
RSI > 60 with MACD crossover = stronger buy signal
BinanceAlpha$1.7MReward