$PROM USDT SHORT TRADE SIGNALđ„đ„
After a sharp impulsive move from the 1.30 support zone, price has pushed back into the 1.48â1.50 resistance area where previous breakdown occurred. The structure still shows lower highs on the higher timeframe, and the current rally appears to be a corrective bounce into supply rather than a trend reversal. Rejection wicks near resistance suggest selling pressure is active.
The zone around 1.48â1.52 is acting as a strong supply area, aligning with prior distribution before the dump. As long as price remains below this resistance cluster, downside continuation remains the higher probability scenario.
Trade Setup:
Short Entry: 1.46 â 1.50
TP1: 1.40
TP2: 1.35
TP3: 1.30
SL: 1.55
Market Outlook:
Overall structure remains bearish unless price reclaims and holds above 1.55 with strong volume. Failure to break resistance is likely to trigger another leg down toward recent lows.
#PROMUSDT #CryptoTrading #ShortSignal #Binance #TechnicalAnalysis
