As of January 13, 2025, Prom
$PROM is trading at approximately $8.08, reflecting a 7.3% increase from the previous close.
Technical Indicators:
Moving Averages (MAs): The 10-day and 20-day Exponential Moving Averages (EMAs) are trending upwards, indicating sustained bullish momentum.
Relative Strength Index (RSI): The RSI is currently at 38.18, suggesting that the asset is approaching overbought territory, which may precede a price correction.
MACD: The Moving Average Convergence Divergence (MACD) indicator shows a positive crossover, reinforcing the bullish trend.
Futures Trading Signal:
Direction: Long (Buy)
Entry Price: Around $8.08
Take-Profit (TP):
Primary TP: $9.00
Secondary TP: $10.00 (if bullish momentum continues)
Stop-Loss (SL): Below $7.50 to manage risk
Leverage: Use moderate leverage (e.g., 5× to 10×) based on your risk tolerance
Risk Management:
Limit exposure to 1-2% of your account balance per trade.
Monitor market news and developments related to Prom and the broader cryptocurrency market, as external factors can influence price movements.
Disclaimer:
Futures trading carries significant risk. Ensure you apply proper risk management and consider consulting with a financial advisor before making trading decisions.
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