$PROM
The RSI suggests mild bullish momentum at 62 on the daily timeframe. Volume has increased significantly, indicating growing trader interest.
The MACD on the 4-hour chart is bullish, with the histogram expanding above the zero line. Price action shows a breakout above $5, a critical psychological level, which now acts as support.
However, resistance at $5.25 could pose challenges in the short term.
Large buy inflows on the money flow analysis further support bullish continuation.
Traders are encouraged to adopt a cautious long position, employing a well-defined stop loss to safeguard against unexpected pullbacks.
Engage confidently, trust the analysis, and manage risks wisely.
Entry: $5.05
Take Profit: $5.50 (Primary), $5.80 (Extended)
Stop Loss: $4.75
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