PROM has recently exhibited interesting technical features. After dropping to 6.79, the price began to stabilize and then entered a sideways consolidation phase at a low level. From the market performance, a large number of retail investors have already exited during the previous sharp decline, and the selling pressure below has significantly eased, which usually indicates the completion of the accumulation phase.
From a trading perspective, it is advisable to consider 7.0 as the main entry zone, with a stop loss set at 6.77 to handle extreme volatility. Regarding profit-taking plans, a phased profit-taking strategy is recommended: the first target at 7.67, after which you can consider reducing positions at 8.2 for the second batch, and the final batch should focus on the clear resistance area at 8.5. If a successful breakthrough of 8.5 occurs, the rebound space may further expand, and traders can flexibly adjust their positions based on market momentum.
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PuzzledScholar
· 01-15 02:18
Retail investors are about to get cut again; they only think about taking profits when it hits 8.5 after buying at 7...
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GraphGuru
· 01-14 10:11
Another "perfect technical analysis," this time it's PROM... 7.0 entry? I think retail investors have already exited long ago. Can we still make a profit if we enter now?
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BridgeJumper
· 01-14 08:01
Retail investors got cut again. I'm a bit skeptical about whether it can really rebound this time.
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GasFeeVictim
· 01-14 07:57
6.79 bottom really gave many people a chance to buy the dip. Now that it's consolidating, it all depends on who can hold on.
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ContractTearjerker
· 01-14 07:54
6.79 That wave I really didn't get in. Now looking at the sideways movement, I feel regretful... Wait, no, hold on, can it really break 8.5?
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GasOptimizer
· 01-14 07:48
Retail investors have all left, this is a signal of institutions accumulating... Entering at 7 is indeed good, but the pressure at 8.5 is too high, if it can't break through, it will be awkward.
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HodlTheDoor
· 01-14 07:37
Retail investors got cut again, why does this always happen?
PROM has recently exhibited interesting technical features. After dropping to 6.79, the price began to stabilize and then entered a sideways consolidation phase at a low level. From the market performance, a large number of retail investors have already exited during the previous sharp decline, and the selling pressure below has significantly eased, which usually indicates the completion of the accumulation phase.
From a trading perspective, it is advisable to consider 7.0 as the main entry zone, with a stop loss set at 6.77 to handle extreme volatility. Regarding profit-taking plans, a phased profit-taking strategy is recommended: the first target at 7.67, after which you can consider reducing positions at 8.2 for the second batch, and the final batch should focus on the clear resistance area at 8.5. If a successful breakthrough of 8.5 occurs, the rebound space may further expand, and traders can flexibly adjust their positions based on market momentum.