📊 Technical Analysis of $PROM /USDT

Currently, several important points can be seen on your chart that you should pay attention to:

Very Low RSI (Oversold): The RSI (6) level on your chart shows 14.081. This is a very low threshold and indicates that the market has been significantly "Oversold," which typically suggests a potential price bounce.

Price Status and Trend: The current price level is 1.820, and although the SuperTrend still appears red (Bearish), the "B" (Buy) signals have appeared on the chart, indicating a potential change.

Important News (Catalyst): A warning from Binance can be seen on the chart stating that Binance Futures will launch new contracts for PROM. Such news typically increases volume and volatility in the market.

Target Level (Take Profit): A target (TP Market Entire) seems to be set at a level of 3.000 on the chart, which is a good upward target from the current price.

💡 My Opinion:

The market is currently searching for a recovery. Given that the RSI is very low, a short-term pump can be expected. However, keep in mind that the market is still under pressure as the price is below its Moving Averages.

Note: There is never a 100% guarantee in crypto. Always consider your stop loss, especially below 1.728 (the previous day's low).