$PROM
USDT: Bearish Reversal Pattern Identified
The chart for PROMUSDT appears to be forming a bearish Engulfing pattern or a similar reversal pattern after a recent upward move. This suggests a potential shift in momentum from bullish to bearish.
* Entry Level (Sell): Consider entries around the current price of $4.715 - $4.750.
* Target (Take Profit): Aim for $4.602 initially, with potential further downside to $4.550 - $4.488.
* Stop Loss: Place your stop loss above the recent high, around $4.801.
Market Next Move: Based on the observed pattern, the market is likely to experience a bearish move in the short term.
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