PROM volume just exploded 6.4x average — something is brewing here. 🔥
Price: $5.038 | RSI 4H: 48.5 (neutral) | Daily RSI: 62.1
The Setup:
$105.9M in volume with +11.7% move. Price is consolidating on 4H between SMA7 ($5.03) and SMA25 ($5.06) — a textbook squeeze zone. Daily MACD is positive and rising, suggesting the bigger trend favors bulls.
Volume ratio at 6.37x is massive — institutional interest or whale accumulation?
Trade Plan (LONG):
📍 Entry: $4.82 - $5.26
🛑 Stop Loss: $4.16 (below daily SMA25 at $3.62 with buffer)
🎯 TP1: $5.42 | TP2: $5.44 | TP3: $5.64
Risk/Reward: 0.4R | Confidence: 73%
Why? Volume surge + consolidation = potential breakout setup. The daily SMA99 at $1.93 shows how far this has come, but fresh volume suggests more fuel.
Think PROM breaks $5.50 this week? 🤔
#PROM #VolumeSurge #DYOR
⚠️ Disclaimer: Not financial advice. DYOR and manage your risk.