Urgent Update on $PROM trade
Watching the current market now, $PROM rejected from the 2.76 swing high and entered a controlled pullback phase. Price dipped into the 2.50 demand area and is now consolidating around the 2.54–2.55 zone. Structure remains corrective, not a full breakdown, as long as this base continues to hold.
Trade plan
Entry: 2.50 – 2.55
Tg1: 2.62
Tg2: 2.70
Tg3: 2.80
Stop: 2.38
Bullish condition
Holding above 2.50 and reclaiming 2.60 keeps the recovery structure intact and favors a move back toward the prior range highs.
Alternate plan (breakout)
Entry: Above 2.66 (acceptance)
Tg1: 2.74
Tg2: 2.85
Tg3: 3.00
Stop: 2.56
Bullish condition
Clean breakout and sustained hold above 2.66 confirms momentum continuation beyond the corrective phase.
Bearish invalidation
Break and close below 2.38 invalidates the setup and opens downside risk toward 2.30–2.20.
PROM
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