$PROM Long Trade Setup

$PROM is showing resilience near the lower support band after a narrow consolidation phase. Currently trading at $5.36, PROM has only dipped slightly in the last 24 hours (-0.09%), yet its steady price action above $5.30 and holding volume of $1.24M suggests accumulation at this level.

As an NFT-focused token, PROM often moves in quick swings, making this setup suitable for a calculated long entry with clearly defined risk and profit zones.

Entry:

$5.36 — Current market level provides an ideal entry near short-term support.

Stop Loss:

$5.26 — Placed just below the 24h low of $5.30 and under a historical minor support zone. Any break below this invalidates the bullish structure.

Take Profit Targets:

Target 1: $5.44 — First minor resistance from recent intraday highs.

Target 2: $5.58 — Previous consolidation peak on the 4H chart.

Target 3: $5.75 — Major resistance zone from a prior rejection, offering extended upside for swing traders.

Risk-Reward Strategy:

RR for T1: ~0.8

RR for T2: ~1.7

RR for T3: ~2.6

Trade View:

On the 1H chart, PROM is forming higher lows with a tightening range — a common precursor to breakout.

RSI is neutral (~52), showing momentum can swing either way, but price action favors a slight bullish edge.

Volume is consistent, suggesting steady buying interest without aggressive selling.

The 4H chart shows a clean structure, where the $5.26–$5.30 zone has historically held as strong support.

To validate the move, monitor for a 15m or 1H candle close above $5.40, which could act as a trigger toward the $5.58 and $5.75 targets. Avoid entering if price breaks below $5.30 with strong volume.

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