🚀 $PROM – Reversal Rocket Ignited! Oversold Bounce Unleashing Bullish Momentum
After plunging to a low of $3.169, $PROM is staging a sharp V-shaped comeback, with strong buyer activity lighting up the 4H chart. Consecutive bullish candles and climbing volume point to a potential trend reversal from extreme oversold conditions.
📈 Long Trade Setup:
• Entry Zone: $4.55 – $4.65 (ideal on minor pullback)
• Target 1: $5.10
• Target 2: $5.35
• Stop Loss: $4.29 (below recent support)
🧠 Market Insight:
Momentum is shifting fast. Sellers are fading after the capitulation drop, and bullish volume is accelerating. If holds mid-range support, it could quickly reclaim lost levels — powered by recovery momentum and aggressive short-covering.
This setup offers a clean risk-to-reward opportunity for trend reversal traders eyeing the next leg up.