Prom is bullish if closes above
1. the white trend
2. the red line
Your SL is 1d below the demand zone
The technical indicators are bullish and look promising so far.
The yellow path could be a possibility but it is unknown, unfortunately!
All the best insha Allah!
PROMUSDT is in bearish trend.
potentially printing LH and LL.
there is no divergence in RSI which indicates that trend is going to continue here.
WE wait and watch for the breakout of last LL.
Hare is My Study on Both Side. and Entry Points For Sell And Buy.
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◳◱ An impressive Resistance Breakout and Confirmation has been detected on the TURQUOISE:PROM / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.31 | 4.75 | 5.47, while substantial support zones are...
The RSI simply indicates that PROM is oversold right now and is nearing it's previous support levels.
I'd suggest you guys keep this on your radar!
As always, this is just my opinion and not a financial advice.
Do your own EXTENSIVE research before buying any coin.
Prometeus (PROM) is a hot topic in the crypto world today, with the asset's price currently sitting at $6.273 and a 4-hour timeframe under consideration. As of now, PROM is leading the market with the most gain today, making it an attractive asset for traders and investors.
However, we must take a closer look at the given indicators to understand the asset's...
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It works ALMOST ON ANY CHART.
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NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
