🔥 $PROM
BASE FORMATION: Next Leg Up to $10.00 Loading! 🚀
$PROM is showing a perfect Base Formation pattern, suggesting accumulation is underway after a period of consolidation.
This market behavior often precedes a strong move up!
We are looking for the final confirmation above 9.10 to launch the next leg up towards the psychological 10.00 mark.
📈 LONG TRADE LEVELS:
• Entry Zone: 8.95 to 9.05 (Accumulation Range)
• Bullish Confirmation: Above 9.10
• Target 1 (TP1): 9.30
• Target 2 (TP2): 9.60
• Target 3 (TP3 - Main Goal): 10.00
• Stop Loss (SL): 8.75 (Protects the base structure!)
Bullish Base Breakout
The base formation near the 9.00 zone confirms buyers are stepping in and defending this crucial level.
The setup offers an exceptional Risk/Reward profile:
• Risk: Entry (\approx\$9.00) to SL (8.75) = 0.25 risk.
• Reward: Entry (\approx\$9.00) to T3 (10.00) = 1.00 reward.
• R:R Ratio: 4:1. This is a highly favorable setup for a swing trade.
The technical structure is clean for a breakout. Look for consolidation within the entry zone (8.95-9.05) and then confirmation above 9.10. Respect the 8.75 SL rigorously!