$PROM is showing signs of bullish continuation after a solid bounce from intraday lows. Key levels are aligning for a potential breakout above resistance.
Entry Strategy
Optimal Entry: 8.900 – 8.950
(Retest of 24h low with bullish confirmation)
Aggressive Entry: Above 9.000
(Breakout of psychological resistance with momentum)
Take-Profit Targets
TP1: 9.200 – 24h high retest
TP2: 9.500 – Next major resistance zone
TP3: 10.000 – Strong psychological level; ideal for partial or full profit-taking
Stop-Loss Placement
Conservative SL: 8.800 – Below 24h low
Tighter SL: 8.850 – Below recent swing structure (for tighter setups)
Technical Confirmations
Sustained price action above 9.000
Volume breakout on green candles
RSI (4H) > 50, trending upward without overbought signals
Risk-Reward Framework
Minimum R:R: 1:2, favorable up to 1:4 depending on entry and exit zones
Ideal position size: 1–2% of portfolio
Note: Only enter on confirmation with controlled risk. Avoid chasing if volume weakens or price rejects $9.00 on retest.
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