$PROM
Long Setup
EP: $1.38 to $1.45
TP1: $1.55
TP2: $1.70
TP3: $1.90
SL: $1.26
PROM has broken out from a rounded accumulation structure that formed near $1.10, followed by a strong impulsive move through the $1.30 resistance zone. The breakout candle showed clear expansion in range and volume, which is a sign that buyers have taken control and that the market is transitioning from consolidation into trend. The current entry area sits near the first pullback zone where prior resistance is acting as support.
Trend strength on the 4H timeframe has shifted to bullish. Price is now printing higher highs and higher lows after the breakout, and the ability to hold above $1.30 confirms that market structure has flipped in favor of buyers.
Momentum and structure bias support continuation while price holds above $1.26. Liquidity rests above recent highs near $1.55, and once that level is taken, the next natural draw for price sits in the $1.70 and $1.90 zones where prior distribution and sell orders are likely positioned.