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PROMUSDT trade ideas

Long Entry Signal for PROM/USDTBased on the daily chart for PROMUSDT on Bybit, here's a concise analysis: MLR vs. SMA: The MLR (blue) is above the SMA (pink), indicating a bullish trend. MLR vs. BB Center: The MLR is above the BB Center Line (orange), suggesting bullish momentum. PSAR: The PSAR dots (black) are under the price, confirming a bullish trend. Price vs. SMA 200: The price is above the 200-period SMA (red), supporting a long-term bullish trend. Current Strategy: Since all entry conditions for a long position are met (MLR above SMA, MLR above BB Center, PSAR under price, price above SMA 200), you might consider entering a long position. Stop Loss (SL): Set the stop loss at the current level of the PSAR dots to manage risk. Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential profit-taking opportunities.
Long
by vagada
PROM/USDTKey Level Zone: 4.550 - 4.600 HMT v5 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis HMT v5 : Date: 23/01/2025 - Refined wave analysis for trending conditions - Incorporated lower timeframe (LTF) momentum to strengthen trend reliability - Re-aligned and re-balanced entry conditions for improved accuracy
Long
by Ren_MomentumTrader
1
PROM/USDTKey Level Zone: 5.400 - 5.440 HMT v5 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. Important Note : Role of Key Levels: - These zones are critical for analyzing price trends. If the key level zone holds, the price may continue trending in the expected direction. However, momentum may increase or decrease based on subsequent patterns. - Breakouts: If the key level zone breaks, it signals a stop-out. For reversal traders, this presents an opportunity to consider switching direction, as the price often retests these zones, which may act as strong support-turned-resistance (or vice versa). My Trading Rules Risk Management - Maximum risk per trade: 2.5%. - Leverage: 5x. Exit Strategy Profit-Taking: - Sell at least 70% on the 3rd wave up (LTF Wave 5). - Typically, sell 50% during a high-volume spike. - Adjust stop-loss to breakeven once the trade achieves a 1.5:1 reward-to-risk ratio. - If the market shows signs of losing momentum or divergence, ill will exit at breakeven. The market is highly dynamic and constantly changing. HMT signals and target profit (TP) levels are based on the current price and movement, but market conditions can shift instantly, so it is crucial to remain adaptable and follow the market's movement. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks HMT v3.1: - Enhanced entry confirmation for improved reward-to-risk ratios HMT v4.0: - Incorporated buying and selling pressure in lower timeframes to enhance the probability of trending moves while optimizing entry timing and scaling HMT v4.1: - Enhanced take-profit (TP) target by incorporating market structure analysis HMT v5 : Date: 23/01/2025 - Refined wave analysis for trending conditions - Incorporated lower timeframe (LTF) momentum to strengthen trend reliability - Re-aligned and re-balanced entry conditions for improved accuracy
Long
by Ren_MomentumTrader
1
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. __________________________________________________________ (7) Entry (5.39) 1000$ Target ( 8.1) Stop ( 4.89) This trade notes ******************* * 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. __________________________________________________________ General information ************************ 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 ********************** 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 **************** 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 ******** 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 __________________________________________________________ Golden Advices. ******************* * 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. __________________________________________________________ Thank you for reading, @Crypto_alphabit *****************************
Long
by Crypto_alphabit
Trade Signal for PROMUSDT: Sell OpportunityDirection: Sell Enter Price: 5.705 Take Profit: 5.61533333 Stop Loss: 5.78733333 Dear Traders, We have identified a selling opportunity for the PROMUSDT currency pair using our advanced EASY Quantum Ai strategy. This forecast is based on a combination of market analysis techniques, historical data, and current market trends. The decision to recommend a Sell direction is supported by recent indicators that suggest an impending bearish trend. Our analysis shows a weakening demand for the asset, possibly due to overbought conditions in the recent bullish rally. Furthermore, technical indicators such as moving averages and RSI are showing signs of divergence, indicating potential price corrections. Entering the trade at a price of 5.705 , we aim to capture profit as the price moves downward, targeting a Take Profit at 5.61533333 . This level is strategically chosen based on support levels and previous price action. To manage risk, a Stop Loss has been set at 5.78733333 , which is above key resistance levels. As always, remain vigilant and adjust your strategies according to market changes. Happy trading! End of Signal
Short
by ForexRobotEasy
PROMUSDT.4HIn my thorough analysis of the PROM/USDT 4-hour chart, I'm pinpointing several key technical indicators and price movements to help shape my trading decisions. As of the most recent data, PROM is trading at approximately $5.081, with a slight decrease of 0.43% in the last session. Firstly, the price action is currently below the descending red trendline (R1), which has been acting as a significant resistance. Breaking above this trendline could suggest a potential reversal from the prevailing bearish sentiment. The immediate resistance (R1) lies at $7.640, which needs to be watched closely. The support level (S1) at $4.406 is critical. If the price fails to hold this level, it could lead to further declines, potentially testing new lows. Conversely, a bounce from this support could indicate buying interest at lower price points, possibly leading to a retest of the resistance. From a technical indicator perspective, the Moving Average Convergence Divergence (MACD) is currently below the signal line but shows signs of converging, which might indicate a decrease in bearish momentum. The MACD histogram also suggests a reduction in negative momentum, which supports this view. The Relative Strength Index (RSI) is at 39.08, nearing the oversold territory. This could potentially signal a buying opportunity if PROM shows signs of price stabilization or an upward reversal, as the market might consider PROM undervalued at these levels. In conclusion, the PROM market appears to be at a pivotal point. The key levels to watch are the resistance at $7.640 and support at $4.406. My strategy involves closely monitoring these levels for potential breakout or breakdown scenarios. A break above the trendline and subsequent resistance could shift my stance to a more bullish outlook, while a break below support would reaffirm the bearish trend, necessitating a reevaluation of bearish targets.
Long
by MarsSignals
PROMUSDT.1DUpon reviewing the PROM/USDT daily chart, several technical elements provide insights into the current market dynamics and potential future movements. Here’s my thorough analysis: Key Resistance and Support Levels: Resistance 1 (R1) at $8.00: This is a crucial psychological and technical barrier. A breakout above this level could confirm a bullish trend reversal. Support 1 (S1) at $4.406: This level is currently under test. A hold above S1 may suggest that the market is finding buyers at these levels, potentially stabilizing the price. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is currently under the signal line but is narrowing the gap, which could suggest a weakening bearish momentum. The histogram slightly moving towards the zero line indicates a potential bullish crossover might be approaching, hinting at a shift in momentum. RSI (Relative Strength Index): The RSI is at approximately 60, which is slightly above neutral. This indicates that there's some bullish momentum, although not overwhelmingly strong, suggesting that there's room for further upward movement before the asset becomes overbought. Current Market Position: The price is currently hovering near S1, which seems to be a critical level for determining short-term movements. The market's ability to sustain or break this level could be indicative of future trends. Volume: Volume data, though not visible in the chart, would be essential to validate any breakout above R1 or breakdown below S1. Increased volume would lend credibility to a breakout, suggesting a stronger buyer commitment. Conclusion: Based on the current setup, it is advisable to monitor PROM/USDT for a potential breakout above R1, which could trigger further bullish movement. Conversely, a break below S1 should be approached with caution, as it may lead to further price declines towards lower levels. Traders should keep an eye on MACD and RSI for additional confirmation signals and adjust their strategies accordingly. It's also wise to consider broader market sentiment and news that could impact trading decisions. Managing risk through stop-loss orders below S1 or slightly above depending on your entry point will help mitigate potential losses from unexpected market moves.
by MarsSignals
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.
by MarsSignals
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.
by MarsSignals
PROM Looking BullishI am always a bit hesitant to share smaller cap coins, so always consider that and use solid risk management. I own PROM, and am sharing it because Trading Alpha is giving a clear buy signal. As you can see, this indicator is showing squeeze shading (the yellow) with a buy arrow on the daily, and the trackline turning green. We also have grey dots, indicating a bullish trend. The first target would be the top of the ascending channel. A break above that would really get the party started. We also have the all time high at $16.42, so we would have a blue sky breakout above that.
Long
by ScottMelker