PROMPT is still bullish (30M)This is a newly launched cryptocurrency, and it’s crucial to apply proper risk management due to its high volatility.
Currently, the coin is showing a bullish market structure, maintaining consistent higher lows, which indicates ongoing buying pressure. We've identified a demand zone labeled as a Spike Kink area, which serves as a strategic rebuy opportunity.
There’s a possibility of forming a new all-time high (ATH) if the bullish momentum continues. All price targets are clearly marked on the chart for easy reference.
Note: If a 1-hour candle closes below the defined invalidation level, this setup will be considered invalid, and a shift in market structure should be expected.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
