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PROM has fallen by -40.47% in the past 24 hours, but from a technical perspective, there are actually many hidden opportunities. As a game NFT token within the Layer2 ecosystem, its RSI indicator has already dropped into the oversold zone (below 30), and this extreme oversold condition often triggers a technical rebound.
After a sharp decline with increased volume, a bottom-fishing phase by funds usually follows. More importantly, the project recently announced a cooperation plan with a well-known blockchain game platform, which is enough to ignite market imagination. Based on the current technical and fundamental signals, a rebound is very likely within the next three days, with an expected increase of around 8%-15% being reasonable.
Of course, a defensive line should also be set; if the price continues to fall by more than 10%, it may be time to consider stopping the loss.
Is the news about this cooperation reliable? I always feel like good news at times like this is just to attract buyers.
If you're really daring to buy the dip, you need to have a good mindset. The stop-loss line must be strictly maintained.
The partnership news is good, but at times like this, it's easy to be hyped up, so be cautious.
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Is the partnership news reliable? Why does it feel like they say that every time?
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I just want to know if the bottom-fishers will get trapped again.
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Set the stop-loss at -10%. It’s safe and sound, but missing the rebound is also pretty tough.
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I’ve seen this routine too many times. Every time they say it’s a technical rebound, then it crashes even more.
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Wait, are there still people playing layer2 game NFTs now?
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I’m a bit tempted, but I want to see how the next few hours unfold.
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Don’t talk about 8 to 15. If it can rebound 5%, I’ll be satisfied.
Partnership news? Well, let's wait and see. These days, good news announcements are as common as paper.
Just listen to the partnership news, don't take it too seriously. Setting a 10% stop-loss on the defense line, I think, is still too loose.