$PROM ⚠️ PROM/USDT – When the Chart Fakes Death to Hunt the Greedy
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> 😨 That brutal wick wasn’t weakness — it was a reset. But are you ready for the next phase?
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📊 Market Overview
Current Price: $4.751
24H Change: +7.73% 🚀
24H High / Low: $4.832 / $4.397
Volume (USDT): $9.46M
Flash Low (Today): $3.168 – brutal wick down! 💥
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⚙️ Technical Breakdown – 1H Chart
MA(7): $4.713 – short-term support
MA(25): $4.575 – reclaimed
MA(99): $4.339 – holding above it = trend rebalance
MACD: +0.010 – bullish crossover confirmed 💚
RSI(6): 69.18 – entering overbought territory ⚠️
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📈 Price Action Insight
🔥 After a massive liquidation wick to $3.16, PROM staged a V-shaped recovery, reclaiming all key EMAs.
This violent drop + quick bounce often signals:
🐋 Whale trap for late shorts
🔄 Liquidity grab for long re-entry
🫣 Retail stop-loss sweep before trend continuation
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💡 On-Chain & Sentiment Clues
Open Interest: Low, suggesting cautious re-entry only
L/S Ratio: Leaning slightly bearish still = room for upside
Volume Spike: Depleted since recovery = next move needs real fuel
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🧭 Strategic Zones
✅ Long Setup
Entry: $4.60–$4.70
TP: $5.00–$5.15
SL: $4.38
📌 Valid if consolidation holds above MA(99) & RSI doesn't break down
❌ Short Setup (Cautious)
Entry: $4.83–$4.90 (rejection zone)
TP: $4.45
SL: $5.00
⚠️ Only valid if price stalls below wick high & volume stays flat
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🔍 Final Outlook
PROM is bouncing back from a high-volatility liquidation event — a classic "shakeout then breakout" pattern.
But without strong volume or fresh Open Interest, this move remains unconfirmed.
🧠 Next step: Wait for confirmation above $4.90 or breakdown below $4.40 to validate direction.