$PROM /USDT – Bullish Setup Eyeing a Break Above $7.50
Current Price: $7.244 (+4.14%)
24H High: $7.500
24H Low: $6.860
Volume:
• PROM: 399,601
• USDT: $2.87M
Category: NFT
Technical Overview (4H & 1D Charts):
$PROM has rebounded strongly from the $6.86 support and is pushing toward the key resistance level at $7.50. The price structure shows consistent higher lows, signaling growing bullish momentum. A confirmed breakout above $7.50 could trigger a sharp move toward the $8+ range.
Key Levels to Watch:
Support:
• $7.00 – Minor intraday support
• $6.86 – Strong base and recent low
Resistance:
• $7.50 – Immediate breakout level
• $7.80 – Mid-range resistance
• $8.00 – Psychological and swing target
Trade Setup (Long):
Entry Options:
• Option 1: $7.20 – $7.25 (pre-breakout with tight stop loss)
• Option 2: Entry on confirmed breakout above $7.50 with strong volume
Targets:
• TP1: $7.80
• TP2: $8.00
• TP3 (Extended): $8.25
Stop Loss: $6.86 (below structural base)
Confirmation Tip:
Look for a 4-hour candle close above $7.50 with volume exceeding $3M for stronger confirmation of the breakout.
Risk Management:
Risk only 2–3% of your capital
Aim for a minimum 1:2 risk-to-reward ratio
Trail stop loss once price moves beyond TP1 to lock in gains
Summary:
#PROM is showing a strong bullish reversal backed by volume and technical structure. If it clears $7.50 convincingly, there's a high probability of continuation toward $8.00 and beyond. Ideal for breakout and swing traders.
Watch closely—this setup is developing fast.