$PROM ā Market Read š
Price has been in a clean downtrend from the 9.1 highs with no meaningful structure reclaim so far. The sweep into the 7.0 level cleared liquidity and slowed downside momentum, but sellers still control the broader structure.
Key Level to Watch:
The 7.0 area is major demand. If price holds and starts to compress here, a corrective bounce is possible. A clean loss of this level opens the door for deeper downside.
Entry Zone: 6.95 ā 7.05
Stop-Loss: Below 6.70
Targets:
šÆ TP1: 7.45
šÆ TP2: 7.85
šÆ TP3: 8.30
Context:
Liquidity was taken at the lows and selling pressure has eased. Until structure flips, any upside should be treated as corrective.
Protect capital first. š
