$PROVE /USDT BULLISH ANALYSIS
Current Price: $0.8605 (+10.85%)
$PROVE is showing strong bullish momentum after bouncing from key support at $0.7405. The price is trading above MA(25) at $0.8465 and MA(99) at $0.7940, while approaching MA(7) at $0.8754, signaling a potential breakout if buying pressure continues.
Key Levels:
Resistance: $0.8720 – $0.8917 (Breakout Zone)
Support: $0.8470 – $0.8220 (Short-term Support)
Major Support: $0.7719
Trade Setup (LONG Entry):
Entry: $0.850 – $0.860
Take Profit (TP):
TP1: $0.880
TP2: $0.900
TP3: $0.940
Stop Loss (SL): $0.820
Technical Outlook:
Bullish structure remains intact as long as price holds above $0.8465. A confirmed breakout above $0.8917 could push price toward $0.90–$0.94, supported by increasing volume.
Risk Management:
Risk 1–2% per trade, use stop loss strictly, and secure profits progressively as targets are reached. Consistent discipline ensures long-term success.
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