$PROM 📉 Technical analysis and signals:
1. MACD is negative:
· DIF value (-0.024) is less than DEA (-0.028), indicating bearish momentum.
· MACD value (0.004) is positive but weak, and may turn negative soon.
2. Williams %R (-40.556) is in the oversold zone (below -20), which enhances the likelihood of a decline.
3. Clear resistance at levels 9.385 – 9.318 USDT, with the price failing to break through.
🎯 Entry, stop, and target points:
· Entry: 9.10 – 9.17 USDT (near the current resistance).
· Stop loss: above 9.39 USDT (above the highest resistance peak).
· Target 1: 8.85 USDT.
· Target 2: 8.60 USDT.
⚠️ Important notes:
· The trade depends on the continuation of bearish momentum and confirmation of breaking support at 9.068 USDT.
· Be cautious of any positive news or sudden changes in indicator direction.
· Position size should not exceed 2-3% of capital.
📌 Timing:
Entry when the hourly candle closes below 9.07 USDT is considered an additional confirmation for the decline.
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