đ PROMUSDT: EXTREME OVERSOLD! Time to Panic or Buy?
đĽ Price: $4.30 | Down 39% today | 1H RSI: 2.04 (MOST EXTREME OVERSOLD LEVEL EVER!)
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đ¨ WHAT HAPPENED?
PROM crashed 34% to $4.81, RSI hit 2.66 (a level almost never seen!). All EMAs were breached, lower Bollinger Band broke.
SHOCKING FACTS:
¡ 100% short positions in profit (entry $7.55) đ
¡ Long positions now 24% underwater (entry $6.35)
¡ Yet... 1-day RSI is only 2.04! đŠ
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đ QUICK ANALYSIS:
â
BEARISH FOR NOW: Selling momentum remains strong, all EMAs above price.
â ď¸ BUT BE CAREFUL: Extreme oversold RSI = technical rebound time bomb!
CRITICAL ZONES:
¡ đ Support: $4.50 â $4.20 (historical accumulation zone)
¡ đŻ Resistance: $5.24 (lower Bollinger Band)
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đŻ 3 STRATEGY OPTIONS:
1ď¸âŁ FOR THE BRAVE (High Risk Long):
¡ Entry: $4.20-$4.50 (use DCA)
¡ Target: $5.24 â $6.10
¡ Stop Loss: $3.90
¡ â ď¸ Only for those with strong mental fortitude!
2ď¸âŁ FOR THE PATIENT (Wait & Watch):
¡ Wait for RSI confirmation to rise + price breaks $5.24
¡ If fails? Stay away for now!
3ď¸âŁ FOR THE BEAR GANG (Cautionary Short):
¡ Wait for pullback to $5.00-$5.20
¡ Short with target $4.50
¡ Tight SL at $5.50
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đ IMPORTANT NOTES:
đ Good news exists! Biconomy listing, capacity increased 8x, zkEVM grant program.
đ But market is currently bearish â positive news being ignored for now.
đ High volume = panic still present.
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đ˛ PROBABILITIES:
¡ Short if rally fails: 65%
¡ Technical rebound: 70% (but could just be a dead cat bounce)
¡ Recovery to $6+: needs 1-2 weeks with strong catalyst
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⨠KEY PHRASE:
"Extreme fear creates opportunity, but timing is everything."
Don't FOMO, don't panic sell. Plan, confirm, execute.
đ Follow for real-time technical updates!
đŹ Comment below: Do you think PROM is oversold or still headed lower?
#promusdt #crypto #Trading #Binance
#oversold #ZK #Layer2 #TechnicalAnalysis
$PROM đ Disclaimer: This is analysis, not financial advice. Crypto trading is high risk. Always DYOR!