$PROM – Big red candle, but support is close

Trading Plan Long $PROM

Entry: 2.030 – 2.060

SL: 1.990

TP: 2.110

TP: 2.145

TP: 2.180

PROM dropped 12.5% and the chart looks scary. But smart traders look for fear. The drop has brought PROM to a support level that has held for over a month. The red candle is big, but the next candles are getting smaller. That's a sign that the selling is ending. When a coin reaches a strong support zone with weakening selling pressure, the probability of a bounce goes up. This is a high-risk, high-reward long setup.

👇 Trade $PROM

PROMUSDT

Trvl

2.097

+1.10%