🚨 $PROM TRADE SETUP
$PROM has already capitulated hard, but structure remains bearish below broken support. Any bounce is likely a dead-cat rally into sell pressure from trapped longs and whales.
📉 $PROM SHORT PLAN
Bias: SHORT (relief-rally rejection)
Entry: $4.70 – $5.05
TP1: $4.30
TP2: $3.95
TP3: $3.50
SL: $5.45
🧠 Why SHORT
• -44% dump → market structure fully broken
• Trading below all EMAs → trend still bearish
• MACD deeply negative (no reversal yet)
• 60% supply concentration → bounce = distribution
• Long whales trapped at ~$5.35 → sell on rallies
• Net spot outflows ($693k) confirm smart money exit
• RSI 10 = bounce likely, not trend reversal
⚠️ Important Notes
❌ Do NOT short at market (oversold zone)
✅ Short only into bounce / liquidity grab near $5
If price reclaims & holds above $5.50 → exit
High volatility asset → scale entries & partial TPs
📌 Summary
This is a classic oversold relief-rally short.
Let RSI bounce → sell the recovery, not the panic
