$PROM /USDT – BEARISH MOVE LOOMING 📉⚠️
🚨 Technical Analysis Overview
Current Price: $4.25
Trend Outlook: Bearish
🔻 PROM/USDT is showing weakness below the key resistance zone at $4.30 - $4.35, which previously acted as support but has now flipped resistance. Sellers are stepping in aggressively near that zone.
📉 Key Levels:
Resistance: $4.30 – $4.35
Support: $4.10 (Minor), $3.85 (Major)
📌 Current Structure:
Price has broken below intraday structure supports with lower highs and lower lows forming on the 1H and 4H charts – a classic bearish continuation setup.
💼 TRADE SETUP – SHORT ENTRY 👇
Entry: $4.25 – $4.28
Stop Loss: $4.36 (Above resistance)
Target 1 (TP1): $4.10
Target 2 (TP2): $3.85
Target 3 (TP3): $3.65 (if momentum continues)
🛡️ Risk Management Tip:
🔸 Use 1-2% of capital per trade.
🔸 Stick to the stop loss – no emotions!
🔸 Lock in profits at TP1 by trailing SL.
🔍 Summary:
Bearish momentum is building. Rejections at $4.30 suggest downside potential. Ride the trend smartly and protect your capital at all costs! 🔐📊
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