Technical Analysis for $PROM /USDT
Current Price: $6.28
Trend: Bullish momentum (up +1.67% in 24 hours)
RSI (Relative Strength Index): Neutral to bullish, showing room for further upward movement without being overbought.
Support Level: $5.96 (24h Low)
Resistance Level: $6.44 (24h High)
Trade Signal
Trade Type: Long (Buy) Signal
Entry Price: $6.28 (current market price)
Stop Loss: $5.95 (below the recent low, providing a margin for fluctuation)
Target Levels (Take Profit):
Target 1 (T1): $6.50 (next resistance zone)
Target 2 (T2): $6.70 (higher resistance area)
Target 3 (T3): $7.00 (extended bullish target)
Trade Momentum
Momentum Indicator: The market is showing bullish momentum with minor resistance around $6.44.
Volume: Steady 24h volume suggests stability, but increases would confirm a breakout above $6.44.
Action: Consider entering long at the current price and targeting higher levels with stop losses just below $5.96 for risk management. Keep an eye on volume and trend indicators for shifts in momentum.