PROM (1M_Journey) Entry ( 5.39 ) T( 8.1)Stop ( 4.89)BINANCE:PROMUSDT
1 Million Journey.
It is a long journey with NO FOMO & NO RUSH.
In those trades i will try to make 1 million USD from 1000 USD.
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(7)
Entry (5.39) 1000$
Target ( 8.1)
Stop ( 4.89)
This trade notes
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* Risk is (9%), Reward (50%)
* the coin made (CHOCH) on daily time frame & price now in very nice range.
* the coin is retesting for going more up but i am enough with 50% profit
* if the coin price came more down may be i will add some more to minimize my entry price and the stop loss is same.
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General information
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1. throw this challenge i will try to make 1 million USD from 1000 USD
2. It will be very long journey not fixed by time with NO FOMO & NO RUSH.
3. I will take this challenge by my personal money and my personal decisions so please if you need to follow ( do your own plan).
4. May be i can achieve that target and may be not.
5. I think it will be educational challenge.
6. May be a lot of challenges Throw the journey, i will try to correct the path every fall.
6. I do not need 1000X in one coin but i need small profit with a lot of successful trades depend on the following formula for 10% Profit
NST= ( IN(FV/C) ) / ( IN (1+P) )
NST = Number of successful trades (NST)
FV = Final value
C = Capital
P = Profit percentage
IN = Natural logarithms ( IN from calculator)
NST = ( IN ( 1000 000 / 1000 ) / ( IN ( 1 + 10% ) ) = 6.908 /.09531 = 73.5 Successful trade. with no loses.
Risk management
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1. Entry by 50% or 75% depend on the market situation.
2. Maximum 5% loses per trade.
3. Maximum 1 lose per day.
4. Maximum 2 loses per week.
5. Maximum 2 trades per day.
6. Minimum rewards has to be 5% and the maximum depends the coin targets & market situation.
Trading rules
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1. Figuring the best entry point.
2. After achieving more than 5% profit moving stop loss to secure 5% profit .
3. Trading available opportunities in the market ( everyday - every week - every month)
4. Trading will be spot only.
5. Trading will be with trusted & high liquidity platform ( Binance coins).
6. (Monitoring coins - low liquidity coins) will not be traded .
7. (High rewards -low risks - fast trades - lower time frames ) will be traded.
Notes
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1. these rules can be changed due to the market situations and new challenges.
2. You can check the journey tags in the below Tags....
www.tradingview.com
www.tradingview.com
3. You can check my total posts in the below tag....
www.tradingview.com
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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
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Thank you for reading,
@Crypto_alphabit
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Promusdt
PROMUSDT.4HThe chart for PROM/USDT on a 4-hour timeframe presents a detailed analysis of Prometheus (PROM) against USDT. Here's my in-depth analysis based on the chart:
Current Situation
Price Level: PROM is currently trading at $4.924.
Recent Price Action: The chart shows a significant downward trend followed by a period of stabilization and a slight upward rebound.
Support and Resistance Levels
Resistance Levels (R1 and R2):
R1: $5.809
R2: $6.436
Support Levels (S1 and S2):
S1: $4.406
S2: $4.002
Analysis and Conclusion
From the chart, PROM has broken through a major descending trendline, indicating a potential reversal or at least a slowdown in the previous bearish trend. The current price is testing the middle ground between the first resistance at $5.809 and support at $4.406.
Trading Strategy
Bullish Scenario: If PROM continues to gain and successfully breaches the $5.809 resistance, it could target the higher resistance at $6.436, suggesting a stronger bullish sentiment.
Bearish Scenario: Conversely, if PROM fails to sustain its current level and falls below the $4.406 support, it might seek lower grounds towards $4.002, which could signify a resumption of the bearish trend.
Final Thoughts
Monitoring PROM’s interaction with these key levels is crucial for any trading decisions. Given its current position and recent breakout from the descending trendline, there is a cautious optimism, but it remains vital to watch for any changes in volume and market sentiment that could indicate a more definitive direction. Setting stop-loss orders just below critical support levels can help manage risks in case of a sudden downturn. Always ensure your trading decisions are aligned with your overall risk management strategy and market analysis.
PROMUSDT.4HIn my analysis today, I’m focusing on the PROM against USDT, viewing the 4-hour chart on the Binance exchange. PROM is currently trading at approximately $5.517, with a noticeable downtrend observed over the recent periods.
Key Resistance and Support Levels:
PROM shows critical resistance at R1 ($5.809) and a further high point at R2, though not precisely identified on the chart. The nearest support level (S1) is identified at $4.406, which is slightly below the current trading price. This setup suggests a crucial juncture; if the price falls below this support, there could be further decline towards the lowest observed price around $4.373.
Technical Indicators Analysis:
• MACD: The MACD line is above the signal line but very close, indicating a potential slowdown in bearish momentum or an upcoming bullish crossover. However, both lines are near the zero line, indicating low momentum in either direction.
• RSI: The Relative Strength Index is just above 55, indicating neither overbought nor oversold conditions but tilting towards a more stable or bullish sentiment in the short term.
Analysis:
The chart reveals that PROM has been in a decline but shows signs of stabilizing or attempting a mild recovery as it approaches critical support levels. The proximity to R1 and the current RSI level suggests there could be a slight bullish momentum building, possibly testing the R1 level soon if the support holds.
Conclusion and Trading Strategy:
Considering the current price dynamics and technical indicators, my strategy would involve monitoring PROM for any signs of sustained bullish momentum or reversal patterns near the support level. If the price maintains above $4.406 and shows signs of an upward move, entering a long position with a target close to R1 ($5.809) might be feasible, while setting a stop-loss just below S1 to mitigate potential losses.
This scenario hinges on the market’s reaction near these critical technical levels and the overall market sentiment. Close observation of MACD and RSI developments will also be key in confirming the trend direction and strength before making any trading decisions.
Prom/BTCWill Prom will be the next greatest pump on Binance Like TRB?
I see a big wide divergence on weekly RSI which can cause a good pump for Prom btc and usdt next days
Circulating supply: 18,250,000 PROM only.
PLZ DYOR.
PROMUSDT.4HBased on the provided market data, the PROM token is currently priced at 6.69 USDT.
From a technical perspective, the Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.51, 58.84, and 64.02 respectively. These values suggest that the token is neither overbought nor oversold, but is closer to being overbought on a 7-day basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.269, 0.326, and 0.440 respectively. These positive values suggest that the token is on an upward trend.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 8.68, 7.67, and 7.67 respectively. The current price is closer to the lower band, indicating a potential upward price movement.
The token has support levels at 6.56, 5.95, and 5.29 for 4 hours, 5.95, 4.48, and 3.67 for 1 day, and 4.85, 3.71, and 3.707 for 7 days. The resistance levels are at 8.89, 9.44, and 10.007 for 4 hours, 9.44, 10.058, and 11.050 for 1 day, and the same for 7 days.
In conclusion, the PROM token shows signs of an upward trend. However, any investment decision should be made cautiously considering other factors like market conditions, news related to the token, and risk tolerance.
PROM/USDT - Prometeus: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the TURQUOISE:PROM / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.31 | 4.75 | 5.47, while substantial support zones are identifiable at 3.59 | 3.31 | 2.59. It is highly recommended to seize this opportunity by entering a trade within the present price range of 4.07 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Prometeus
▣ Rank: 287
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Bittrex, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Prometeus project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.07 ₮
▣ 24HVol: 268,091.694 ₮
▣ 24H Chng: 3.562%
▣ 7-Days Chng: 5.75%
▣ 1-Month Chng: 9.01%
▣ 3-Months Chng: -20.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.31 | 4.75 | 5.47
◢ Support: 3.59 | 3.31 | 2.59
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.91
▣ Last 90D: -1.52
▣ Last 1-Y: 0.06
▣ Last 3-Y: 0.79
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.53
▣ Last 1-Y: 0.95
▣ Last 3-Y: 3.56
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.76 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth PROMUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Prom token formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well, and welcome to the new trade setup of Prom token.
On a 4-hr time frame, PROM has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
PROM ACCUMULATION PHASE - $29 TP & BEYONDIn the past months, prom made a plethora surge in price to $100 and then made a sharp retracement back to its support level at $8 while $17 was acting as the resistance zone. Presently, the $17 zone has been broken and is now known to be the new support level, prom continues to consolidate btw $17 to $21 which is the main resistance level. A daily close above this level with validate an uptrend to $29 which is next to the Main R levels and then we'd see a continuous uptrend in price.
Trajectories of the main s\r levels have been provided on chart. You can drop a line if you've got questions.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates
PROMUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
PROMBUSD: SILENCE BEFORE STORM!!! prombusd has been holding its support for a quite long time now. it can possibly rise any sooner or later. in my book, it is good to grab and hold some prom for huge profits.
choose your target as you please.
can buy it with any pair on any exchange.
good luck!!!
Prom - ready for another rally Very risky trade as it is a small cap with good fundamentals. So make sure to keep stop loss at 12 and hold it till we achieve our targets.