Long-trade setup for $PROVE / USDT current price $0.3055
Support Level:
Key support near $0.75, anchored by MA25 support. Below that, $0.60–$0.57 is next line of defense following sharp pullback.
Resistance Level:
Immediate resistance around $1.07–$1.10, ranging toward $1.20 if the prior high at 1.06 breaks.
Trade Targets:
• TP1: $1.07
• TP2: $1.20
• TP3: $1.30+
Stop Loss: $0.74 — just below MA support zone.
Risk Management: Limit risk to ≤ 2% of capital. Prioritize entries on dips toward $0.75–$0.80 with volume confirmation or bullish RSI/MACD divergence. Monitor chart structure closely as PROVE trades heavily post-mainnet launch.
