Bearish Outlook: $PROMPT 6h Momentum Review
Price action remains decisively below the recent equilibrium, pointing to sustained bearish momentum absent a strong reversal pattern. Key supports at approximately 0.068 and 0.065 are critical to watch.
The current trajectory favors downside continuation, with momentum indicators and price structure signaling further declines unless bulls reclaim above resistance near 0.084. A breakdown under support around 0.06847 could accelerate moves toward lower targets near 0.055, while a confirmed close beyond 0.084 may shift bias upward. Without clear bullish reversal signals like pin bars or engulfing patterns on the 6h chart, downside dominance is expected. This is only the surface view. The full depth of analysis, with precise entries and TP/SL, is in the Finora Telegram bot.
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