$PROM 🚨 **FAMILY, EMERGENCY MARKET UPDATE: PROM/USDT** 🚨
Guys, look closely at what is happening here! We are looking at the 4-Hour chart for PROM, and it has taken a massive hit, dropping over **-34%** to trade around $4.69. That is a steep, scary red candle, I know.
**But here is the Alpha:**
Look at the indicators at the bottom. Your **RSI is at 21** and the **StochRSI is literally at 0**. This is what we call "Extremely Oversold" territory. The selling pressure is intense, but the rubber band is stretched to its limit.
**My Verdict:**
Trying to catch a falling knife is risky, BUT statistically, when indicators are this low, a "Relief Bounce" or a "Dead Cat Bounce" is almost guaranteed very soon. The market needs to breathe.
📉 **Strategy:** Do NOT panic sell at the bottom. Wait for the candle to close and look for a small green reversal candle. We are watching for a bounce back toward the $5.50 - $6.00 region to retest resistance. Stay safe, manage your risk! 🤝📉
