🔍 Technical Context of the Day
Approximate Price: $7.35 USDT
Overall trend: Lateral-bullish on 4H chart, with key support respected.
Main Support: $6.90 – $7.00
Relevant Resistance: $7.80 – $8.10
Volume: Moderate volume, recovery after slight weekly correction.
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🎯 Suggested Entry Zone
Ideal Entry: $7.20 – $7.35 USDT
Confirmation: Bullish H1 candle with increasing volume, RSI emerging from neutral zone, EMA 9 above EMA 21.
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💰 Profit Targets
TP1: $7.80 (partial exit 50%)
TP2: $8.10 (30% exit)
Extended TP: $8.50 (remaining exit 20% if momentum holds)
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🛡️ Protection Level (Stop-Loss)
Suggested Stop-Loss: $6.85 USDT
Justification: Level below key support and last consolidation, limits loss in case of bearish breakout.
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📈 Key Technical Confirmations
MACD: Looking for bullish crossover below the zero line (potential reversal).
EMA 9/21: Golden cross in H1 and H4 frames confirms a safer entry.
RSI: Ideal at 50-60 with positive slope.
Volume: Confirm resistance breakout with increasing volume to extend TP.
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⚖️ Risk Management and Execution
Recommended maximum risk: 1-2% of total capital per trade.
Staggered entry: Divide the position into 2-3 parts within the entry zone.
Monitoring: Watch H1 and H4 candle closes to adjust levels.
Move SL: If the price reaches TP1, move SL to entry to protect profits.
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📝 Final Insight
PROM shows technical strength with consolidated support and good bounce potential towards liquidity zones. The key is not to enter prematurely without volume confirmation and EMA crossover. Maintain discipline in the risk level and adjust TP if the market shows signs of overbought.
#Spot #trading #StrategicTrading #PROM/USDT $PROM
