1. Summary

$PROM is recovering strongly and holding above MA99; short-term bias is positive but needs volume to confirm continuation. • Current price ~9.31 USDT (currently has good liquidity).

• Catalyst: increased confidence after listing/high volume — but listing also means the possibility of profit-taking/supply pressure increases.

2. Analysis

On the 1H chart: MA7 (~9.31) > MA25 (~9.17) > MA99 (~9.00) — MA structure supports bulls; RSI ~65 indicates momentum has room but is not overbought; volume spikes during the increase → need continued volume for reliability. S/R action: Support near 9.00–9.05 (MA99), strong short-term support at 8.58 (recent low); Resistance 9.53–9.60 (local high) and the area ~10.00–10.20 is the next target if momentum is strong. In terms of psychology, listing/presence on major exchanges increases liquidity but also raises the possibility of distribution (holders taking profits) — monitor large flows to the exchange.

3. Strategy

Entry:

  • Conservative: wait for 4H close > 9.53 with increased volume before entering.

  • Aggressive: slight probe when 1H holds > 9.20–9.25 with rejection wick confirming support.

Stop-loss: 8.50 (below low 8.58 to avoid fakeout).

TP1 / TP2: TP1 = 9.60 (short resistance zone), TP2 = 10.00 — if momentum is very strong, you might aim for 10.20, but if the strength is weak, lower TP2 to 9.85 for practicality.

Exit triggers: large amounts moving into CEX, listing announcement/whale sell or 4H close < 8.50 → exit quickly.