🚨 $PROM /USDT Trading Analysis - Volatile Breakout and Consolidation 🚨

Key Levels

Current Price: $8.020

Support Levels: $7.800, $7.500

Resistance Levels: $8.300, $9.000

Trade Setup

Long Position Strategy:

Entry Range: $8.000 - $8.100

Targets:

Target 1: $8.300

Target 2: $8.800

Target 3: $9.000

Stop Loss: $7.700

Technical Overview

PROM/USDT has shown significant bullish momentum with a sharp rally to $9.073 before pulling back to $8.020. The asset is now consolidating, suggesting a potential continuation of the upward trend. Key resistance at $8.300 will be the first hurdle to clear, while strong support lies near $7.800. A break above $8.300 could lead to higher targets, while a fall below $7.700 may invalidate the bullish bias.

Action Plan

Enter long positions near $8.000 and aim for partial profit-taking at each target level.

Adjust the stop loss upward as the price approaches higher targets to minimize risk.

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