PROM/USDT Price Analysis 🚀 - Entry, 3 Targets, and Stop Limit 🎯
PROM/USDT is currently trading at $6.89, up 27.22%. Here's a breakdown for your trading strategy:
Entry Point:
Suggested Entry: Enter around $6.89, considering the strong recent price movement and potential for further gains.
Target Levels 🎯:
1. Target 1: $7.106 — This level could serve as the first resistance, close to the 24h high.
2. Target 2: $7.450 — The 24h high, offering potential for a significant breakout.
3. Target 3: $7.552 — A slightly higher resistance level to maximize profits as the price continues upward.
Stop Limit 🎯:
Suggested Stop Limit: $6.217 — Place your stop below the SAR level to protect your position from a sharp pullback.
Pro Tip:
Watch closely as the price approaches $7.106. If the momentum stalls or there is resistance at this level, consider adjusting your stop limit to lock in profits and minimize risks.