AntonioProve

🚨Here’s a complete technical analysis and trade plan for $PROM
{spot}(PROMUSDT)
/USDT based on the data you shared:

PROM/USDT Technical Analysis

Current Price: $7.03 (-14.36%)

24h High / Low: $8.334 / $6.806

Moving Averages:

MA(7): 7.025 → just below price, short-term bearish

MA(25): 7.144 → price below mid-term trend, bearish

MA(99): 7.855 → price well below long-term trend, strong downtrend

Trend: Bearish in short-term and long-term

Support Levels: $6.81 (24h low), $6.50 (psychological support)

Resistance Levels: $7.62 (MA25), $8.00 (psychological & 24h high)

Observation: Price is oversold after ~14% drop in 24h. Short-term bounce possible, but trend remains weak until $7.62–$8.00 is broken.

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Trade Signals

1. Aggressive Buy (short-term bounce):

Entry: $6.85 – $6.95

Target 1: $7.20

Target 2: $7.62

Target 3: $8.00

Stop-loss: $6.70

2. Conservative Buy (trend confirmation breakout):

Entry: Above $7.62 (break above MA25)

Target 1: $8.00

Target 2: $8.30

Target 3: $8.55

Stop-loss: $7.40

3. Short Opportunity (bearish continuation):

Entry: $7.00 – $7.15 (rejection from resistance)

Target 1: $6.80

Target 2: $6.50

Target 3: $6.20

Stop-loss: $7.30

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Pro Tip:

Watch for volume confirmation: high volume on a bounce indicates a stronger reversal; low volume suggests a weak move.

Avoid buying deep in a downtrend without confirmation above $7.62.

Use risk management: never risk more than 1–2% of your capital on a single trade.

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