$PROM looks strong. And I’m not saying that lightly.
On 1H we have a clean breakout above 1.30–1.33, strong momentum candles, volume expansion, and MA7 > MA25 > MA99 aligned in bullish order. Structure-wise, this is how continuation setups are born.
But here’s the nuance.
Price is now pressing into the 1.45–1.47 zone — fresh local highs. After a vertical push like this, markets usually breathe. That can mean a pullback toward 1.30–1.32, or tight consolidation before the next leg.
As long as 1.30 holds as support, the path toward 1.55+ stays open. Lose that level, and momentum weakens fast.
The move is strong. The structure is bullish.
The only real question is timing — chase the candle, or wait for the retest?
PROM
1.132
-4.23%