$PROMPT /USDT ‌



Based on the chart you shared, PROMPT is clearly under distribution, not accumulation.

Market Context

Current Price: ~0.0651

24H Change: ~-9%

Price is making lower highs & lower lows

Weak bounces → sellers defending every push

Structure shifted bearish after rejection near 0.071–0.073

The recent move looks like a bear flag / dead-cat bounce

On the 15M–1H timeframe, bearish candles dominate, momentum is still pointing down, and volume doesn’t support a strong reversal yet.

Bearish Trade Setup (Short Bias)

Entry Zone (Short)

0.0658 – 0.0665
(Into minor pullback / liquidity grab)

🎯 Targets

Target 1: 0.0640

Target 2: 0.0625

Target 3: 0.0600 (major demand zone & psychological level)

Stop Loss

0.0685
(Above last lower high & structure invalidation)

Why This Setup Makes Sense

Trend = Down

Structure = Bearish

Momentum = Weak

Buyers failing to reclaim 0.067–0.068

Any bounce without strong volume = short opportunity

If 0.0640 breaks with momentum, expect acceleration to the downside toward 0.062 → 0.060.

Invalidation Scenario

Clean reclaim and hold above 0.069

Strong bullish volume + structure break
bearish idea invalidated

#PostonSquaretoEarn$50 #DecemberMarketOutlook #ShowMyAlphaPoints #AreYouBullishOrBearishToday? #GateNovTransparencyReportReleased
PROMPT-0.13%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)