【$PROM Signal】Pullback ambush, betting on negative funding rate to squeeze shorts

$PROM 1H timeframe high-level oscillation, 4H Bollinger upper band at 2.33 repeatedly tested.
Buyers' depth is 34% thicker than sellers', but the funding rate of -0.098% indicates short positions have a cost advantage.
1H MACD histogram contracts, bullish momentum weakens.

Price repeatedly tests around 2.30, with clear selling pressure above at 2.33.
4H EMA20 (1.76) and EMA50 (1.50) are opening upward, indicating the medium-term trend is intact, but short-term chasing profits offers a poor risk-reward ratio.

🎯Direction: Pullback to go long

⚡Entry/Order: Ambush at the 1.77 - 2.32 range lower boundary

🛑Stop loss: 1.49

🚀Target 1: 2.33

🚀Target 2: 2.34

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even.
- If the price falls back into the entry zone, automatically exit to protect capital.

Despite the negative funding rate environment, the price remains firm, with shorts paying fees but unable to push the price down, which is a potential fuel for a short squeeze.
1H volume has returned to normal after a surge, needing a healthy pullback to digest floating positions.
The area around 1.77-1.87 below is where the previous breakout platform and EMA50 converge, offering higher entry value.
Current price enters directly, with a risk-reward ratio less than 1:1, patience is advised for a better market entry point.

Check real-time quotes 👇 $PROM
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