$PROM has experienced a strong downside move, with price now trading around $4.19 after a sharp breakdown.
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The drop has brought price directly into a major higher-timeframe demand zone, an area that previously acted as a base for accumulation.
This region, just above the $3.10–$3.20 support, is critical for market structure. Current candles suggest slowing downside momentum, hinting at possible stabilization or a short consolidation phase.
If buyers successfully defend this zone, a rebound toward the $6.00–$7.00 area becomes plausible.
Failure to hold, however, would keep the broader trend bearish and open the door for further downside.
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