$PROVE USDT ā BEARISH BREAKDOWN, RELIEF RALLY MAY FADE FAST! š»ā ļø
After failing to sustain above $1.04 and facing massive sell pressure, $PROVEUSDT broke key support and plunged to a low of $0.9564. Although a minor relief rally is in play, the structure remains bearish below $0.99ā$1.00 resistance. Momentum indicators are still weak, and price action hints at another leg down.
š Short Trade Setup:
Entry Zone: $0.9800 ā $0.9920
Take Profit 1: $0.9500
Take Profit 2: $0.9260
Stop Loss: $1.0120
š Market Outlook:
Volume has declined sharply after the breakdown, and MACD is still in negative territory despite a weak crossover. Unless price reclaims $1.00 with strong volume, bearish momentum is likely to resume. Keep an eye on lower highs forming and sellers stepping in near previous support-turned-resistance.
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