PROM recent trend worth monitoring. As of the 15-minute level, the price is at 6.626, down 18.38% from the trend starting point. The bearish momentum remains strong, with 212 candlesticks already formed, and the overall trend still in a downward channel.
From a technical perspective, the current tracking line is at 6.604. This line is very important — it serves as a reference for dynamic stop-loss and as a signal line to judge whether the decline will accelerate in the near future. If the price breaks below this level, the bears may accelerate further.
On the resistance side, three levels need to be closely watched: 8.045, 8.138, and 8.291. There are no particularly clear support levels in the short term, but any rebound around 7.0 could present an opportunity for high-level short entries.
The risk is that the price is currently testing the downward trend line. If it firmly holds above this line and breaks above 6.72, caution should be exercised regarding a short-term rebound. For the bears, this trend line is a lifeline and must be closely watched.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
UnluckyValidator
· 01-08 10:13
6.604 break or not, that's the question. Once it drops, the bears will be thrilled.
The saying "The trend line is the lifeline" is spot on. Bears really need to keep a close eye.
It's both a decline and a test. Can PROM rebound to $7 this time? It feels a bit uncertain.
A 18% drop and still falling—how strong must your mindset be?
When the opportunity to rebound at 7.0 comes, what should we do then?
View OriginalReply0
SandwichDetector
· 01-08 03:54
If this 6.604 level can't hold, it will directly break the short position, no suspense.
View OriginalReply0
FOMOrektGuy
· 01-08 03:53
6.604 this line really needs to hold, or else the bears will take off again
View OriginalReply0
TokenStorm
· 01-08 03:51
If the 6.604 level is broken, the bears will really take off. Don't say I didn't warn you then.
View OriginalReply0
NftRegretMachine
· 01-08 03:39
6.604 must hold this line; if broken, gotta run
---
Another 18% drop, the bears are not done yet
---
Waiting for the 7.0 rebound to go in, taking a gamble
---
The trend line is really a lifeline... feeling tense
---
Can 6.72 hold steady? Feels like a cliffhanger
---
This drop might wipe out 8 dollars
---
Watching these numbers every day, my mind is exploding
---
When a rebound opportunity comes, jump in, don't hesitate
---
PROM's temper is really incredible, keeps smashing
---
Whether 6.604 breaks or not will decide everything
---
The bears are so fierce, I still want to buy the dip
---
If the trend line holds, there's hope; otherwise, keep selling
PROM recent trend worth monitoring. As of the 15-minute level, the price is at 6.626, down 18.38% from the trend starting point. The bearish momentum remains strong, with 212 candlesticks already formed, and the overall trend still in a downward channel.
From a technical perspective, the current tracking line is at 6.604. This line is very important — it serves as a reference for dynamic stop-loss and as a signal line to judge whether the decline will accelerate in the near future. If the price breaks below this level, the bears may accelerate further.
On the resistance side, three levels need to be closely watched: 8.045, 8.138, and 8.291. There are no particularly clear support levels in the short term, but any rebound around 7.0 could present an opportunity for high-level short entries.
The risk is that the price is currently testing the downward trend line. If it firmly holds above this line and breaks above 6.72, caution should be exercised regarding a short-term rebound. For the bears, this trend line is a lifeline and must be closely watched.