$PROM again showing weak consolidation after rejection… momentum is clearly fading 👀
Short $PROM
Entry: 2.25 – 2.45
SL: 2.70
TP1: 1.90
TP2: 1.75
TP3: 1.60
TP4: 1.45
Why:
After rejection from 2.89, price failed to create higher highs and is now ranging with lower highs forming. MA7 acting as resistance and price struggling around MA25 shows weakness. RSI below 50 indicates lack of bullish strength, while MACD has turned bearish with declining momentum. Breakdown below 2.00 can trigger a sharper move down.
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Trade $PROM here 👇
Short $PROM
Entry: 2.25 – 2.45
SL: 2.70
TP1: 1.90
TP2: 1.75
TP3: 1.60
TP4: 1.45
Why:
After rejection from 2.89, price failed to create higher highs and is now ranging with lower highs forming. MA7 acting as resistance and price struggling around MA25 shows weakness. RSI below 50 indicates lack of bullish strength, while MACD has turned bearish with declining momentum. Breakdown below 2.00 can trigger a sharper move down.
📩 DM me to know how to join my premium group for high quality trade setups
Trade $PROM here 👇