$PROM faced a strong rejection near the $1.70 spike, printing a long upper wick followed by an aggressive sell-off. On the 1H timeframe, price is now forming lower highs and struggling to maintain acceptance above $1.55. Momentum has shifted bearish while trading below $1.60.

Short Setup

Entry: $1.52 – $1.56

Stop-Loss: $1.66

Targets:

🎯 TP1: $1.45

🎯 TP2: $1.38

🎯 TP3: $1.28

As long as price fails to reclaim and hold above $1.60, downside pressure remains intact, with liquidity resting around the $1.40 support zone. Continued rejection near $1.55 would strengthen the case for further downside expansion.

Are you entering at market, or waiting for a weak relief bounce toward the $1.60 resistance before shorting?

Buy and trade $PROM .

PROMUSDT

Perp

0.972

-0.10%