$PROM Market Update — Bulls Trying to Reclaim Control!

PROM faced a long liquidation of $1.48K at $8.87, signaling a sharp shakeout of leveraged buyers. Despite this, the asset is showing resilience, with price action stabilizing near crucial support.

Support Zone: $8.60 – $8.80

Immediate Resistance: $9.20 – $9.45

Momentum Outlook: Neutral to slightly bullish as buyers attempt to absorb selling pressure.

If PROM manages to close above $9.20, it could open doors for a short-term rally toward $9.80 – $10.10. However, a breakdown below $8.60 may invite fresh selling, dragging it toward $8.20 support.

Suggested Strategy:

Buy Entry: $8.70 – $8.85 (accumulation zone)

Target: $9.80 – $10.00

Stop-Loss: Below $8.45

Market sentiment appears cautiously optimistic — a decisive move above $9.50 could reignite bullish momentum. Traders should stay alert for a volume surge confirming breakout strength.

pPROM could be setting up for its next leg higher — watch the $9.20 level closely!

let's go and trade now $PROM