$PROM is showing weak price action with a -5.9% move in the last 24 hours, signaling strong selling pressure. After failing to hold above the 7.55–7.60 resistance zone, price experienced a sharp breakdown, dropping toward the 7.30 support before a minor bounce.

On the 1H timeframe, the structure is clearly bearish. Lower highs and lower lows are forming, and recent green candles appear corrective rather than impulsive. This suggests the bounce may be a dead-cat retracement within a broader downtrend.

Trade Setup (Short Bias)

Entry Zone: 7.38 – 7.45

Target 1: 7.30

Target 2: 7.15

Target 3: 6.95

Stop Loss: 7.58

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PROM

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