PROM's recent performance is quite interesting. A few days ago, it surged in one go, and the market cap directly increased by 50%, which looks quite impressive. However, the market behaves like this; after rising to a certain level, a correction is inevitable, and it has been consolidating over the past two days.
From a technical perspective, the situation is still good. The 1-hour chart has already stabilized at the bottom, and the support level on the 4-hour chart has not been broken. This indicates that there is support below to catch the fall, and the conditions for a short-term rebound are gradually forming. The current price is right around the bottom of the 4-hour support, so if you are looking to go long, you might consider positioning here.
Risk management is very important. It is recommended to set the stop-loss at 8.2, so even if the judgment is wrong, there is an exit point. Let's see if it can break the previous high.
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FlyingLeek
· 11h ago
A 50% increase is really impressive this time, but I'm still a bit hesitant, afraid of getting hit by a flying knife.
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SybilSlayer
· 11h ago
A 50% surge is so strong, I really need to take a step back and reorganize, or how can I harvest the chives haha
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MEVHunter
· 11h ago
nah that support's gonna get rekt when the real selling starts... mempool's been toxic af lately, something's off with the flow patterns here
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LayerZeroHero
· 11h ago
It has proven that such a 50% rapid increase often hides a trap. Support level data, no matter how beautiful, must be verified through actual testing to be valid.
PROM's recent performance is quite interesting. A few days ago, it surged in one go, and the market cap directly increased by 50%, which looks quite impressive. However, the market behaves like this; after rising to a certain level, a correction is inevitable, and it has been consolidating over the past two days.
From a technical perspective, the situation is still good. The 1-hour chart has already stabilized at the bottom, and the support level on the 4-hour chart has not been broken. This indicates that there is support below to catch the fall, and the conditions for a short-term rebound are gradually forming. The current price is right around the bottom of the 4-hour support, so if you are looking to go long, you might consider positioning here.
Risk management is very important. It is recommended to set the stop-loss at 8.2, so even if the judgment is wrong, there is an exit point. Let's see if it can break the previous high.