$PROM
Strong impulse earlier 1.90 → 2.72, now transitioning into distribution / cooling phase.
You can see the shift clearly — highs getting sold, structure flattening, then slight drift lower.
Current bounce is weak so far.
Structure: Post-impulse distribution
Resistance: 2.30 – 2.40
Support: 2.05 – 2.10
Approach:
No edge chasing green candles here
If price pushes into 2.30–2.40 and stalls → potential short zone
If 2.05 breaks → opens lower continuation
Invalidation:
Strong reclaim and hold above 2.40 (restores bullish continuation)
Strong impulse earlier 1.90 → 2.72, now transitioning into distribution / cooling phase.
You can see the shift clearly — highs getting sold, structure flattening, then slight drift lower.
Current bounce is weak so far.
Structure: Post-impulse distribution
Resistance: 2.30 – 2.40
Support: 2.05 – 2.10
Approach:
No edge chasing green candles here
If price pushes into 2.30–2.40 and stalls → potential short zone
If 2.05 breaks → opens lower continuation
Invalidation:
Strong reclaim and hold above 2.40 (restores bullish continuation)