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Wait, is $PROM finally running out of steam here?
We’ve had a nice steady climb from that 7.67 floor, but things are getting a bit messy at the top. Price is currently sitting around 9.16, and you can see it’s struggling to clear that 9.35 resistance level.
The volume is decent at 42M, but the candles are starting to print smaller bodies with long wicks, which usually smells like exhaustion. If we can’t push past 9.40 soon, I’m looking for a correction back toward the 8.70 support zone to gather more liquidity.
It’s been a solid trend, but I’m not buying the breakout until we get a clean close above that recent high.
Are you guys taking profits here or holding for double digits?
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