#PROM LONG & SHORT ENTRIES 1HOURLY TIMEFRAME

PROM/USDT 1H Trading Plan (10x Leverage) Using Trendlines & Fibonacci

🔹 Long Entry (Buy)

Entry Zone: $6.05 – $6.10 (Support & MA confluence)

Fibonacci Level: 0.5 – 0.618 Retracement (~$6.08 – $6.10)

Trendline Confluence: Support near 50 MA (~$5.97)

Confirmation Signals:

RSI holding above 50

Stochastic RSI bullish crossover

MACD showing early momentum

📌 Stop Loss: $5.95 (Below 200 MA & support)

🎯 Take Profit Targets:

TP1: $6.20 (Recent high)

TP2: $6.30 – $6.35 (Next resistance)

TP3: $6.50 (Major breakout zone)

🔻 Short Entry (Sell)

Entry Zone: $6.20 – $6.25 (Resistance area)

Fibonacci Level: 1.618 Extension (~$6.22 – $6.25)

Trendline Confluence: Strong overhead resistance

Confirmation Signals:

RSI near overbought (>65-70)

Stochastic RSI overextended

MACD momentum slowing down

📌 Stop Loss: $6.30 (Above breakout risk)