$PROVE /USDT TECHNICAL ANALYSIS: BEARISH SIGNALS SUGGEST SHORT OPPORTUNITY
The $PROVE /USDT pair is showing signs of weakening momentum with price failing to sustain above recent highs. The MACD indicates bearish divergence while the SAR is positioned above price, signaling potential downward movement. The volume confirms reduced buying interest, supporting a bearish outlook.
Entry: Short position recommended near 0.8557
Targets: TP1 at 0.6856, TP2 at 0.5385
Stop Loss: SL at 0.9799 to limit risk if the bullish momentum resumes
EMA and BOLL bands are showing signs of reversal, cautioning traders to act swiftly. Depth data suggests stronger sell pressure building up. Maintain strict risk management by limiting exposure to 2% of your trading capital per trade, ensuring stop losses are honored to protect downside.
#TechnicalAnalysis #CryptoTrading #PROVEUSDT #BearishSetup #RiskManagement
