$PROM /USDT Technical Analysis and Trade Signal
Current Price: $7.89
Momentum: Strong bullish trend with high volume indicating upward momentum.
Key Levels
Resistance Levels:
Immediate Resistance: $8.60 (24h High)
Major Resistance: $9.00
Support Levels:
Immediate Support: $7.50
Strong Support: $6.90
Trade Signal
Entry Zone: $7.80โ$8.00 (Pullbacks or breakouts can be used to enter)
Stop Loss: $7.40 (Below strong support)
Target Levels ๐ฏ
1. Target 1: $8.80
2. Target 2: $9.20
3. Target 3: $9.80
Indicators Overview
RSI (Relative Strength Index): RSI is above 70, signaling overbought conditions, but strong buying momentum persists.
MACD (Moving Average Convergence Divergence): Bullish crossover supports the continuation of the uptrend.
Volume: Increased trading volume shows strong interest from buyers.
Trade Momentum
Bullish Bias: Traders should ride the momentum but remain cautious of pullbacks near resistance levels. If the price breaks $8.60 with volume, further upside is expected.
Risk-Reward Ratio: Favorable for long positions with the stop loss set tightly below support.