📉 PROM down 15.8% while the rest of the market is green. When a coin dumps this hard in a bull market, you pay attention — and you look for shorts.
Let me explain what the chart is screaming:
PROM at $5.26 is trading below its 4H SMA7 ($5.73) and 4H SMA25 ($5.90). That is a confirmed downtrend on the 4H. The 4H RSI at 44 is leaning bearish with room to drop further. Volume ratio at 0.42x means there is no panic buying to save this.
The long/short ratio at 0.60 confirms it — more shorts than longs. The market is telling you which way this is going.
📊 Trade Plan (SHORT):
• Entry: $4.92 - $5.60
• Stop Loss: $6.63 (above the 4H resistance cluster)
• TP1: $4.77 | TP2: $4.62 | TP3: $4.43
• Risk/Reward: 0.4x
Daily context matters: The daily RSI at 65.3 and MACD are still bullish, which means this could be a healthy correction within a larger uptrend. That is why the stop is wide — you need room for volatility.
⚠️ The risk: Shorting a coin that is up 300%+ on longer timeframes is dangerous. This is a counter-trend trade. Size accordingly — small position, tight risk management.
Would you short PROM here or wait for the dust to settle? What is your rule for trading against the trend? 👇
#PROM #ShortSetup #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is volatile. Always DYOR and manage your risk.