PROS has risen again, and short-term shorting can be attempted.

Currently, PROS is on the four-hour chart, and the trading volume shows a 'volume double top pattern', indicating a high probability of a pullback.

The win rate for trading using this pattern has always been high. For reference, PROS had rises on the afternoons of October 29 and 31, which also formed a volume double top pattern, and then began to continuously pull back and drop.

However, with low market cap cryptocurrencies like this, when they rise, the price movements can be quite 'spiky' and prone to sudden drops, especially now that PROS is slowly increasing, making it difficult to set stop-losses when shorting.

Therefore, one can also wait for PROS to spike upwards, and after the price comes back down, enter a short position on the right side, setting the stop-loss at the previous high price.

This is because on the daily chart, every time PROS has a significant volume increase, it tends to end with a spike before starting to decline, as seen on October 1, 7, and 29. Currently, the daily volume is not yet significant enough, and there hasn’t been a spike, so waiting for these two key features before entering is advisable.

If you're afraid of missing out, you can enter a small position now, and then add to your position when the clear opportunities I mentioned arise.