$PROVE USDT – BEARISH STRUCTURE REJECTED FROM 25MA, SELLERS STILL DOMINANT 🔻
$PROVEUSDT faced a harsh rejection after attempting a recovery, now down nearly -15% from its high. The 15-minute chart shows price struggling below the 25MA, with the latest candles failing to hold above the $0.99 resistance zone. MACD is flattening and momentum is fading, signaling that bulls are losing grip and another leg down may be imminent.
Short Trade Setup:
Entry Zone: $0.985 – $0.995
Take Profit 1: $0.960
Take Profit 2: $0.925
Take Profit 3: $0.890
Stop Loss: $1.015
Market Outlook:
Price remains below the 99MA and recent bounce looks more like a dead cat bounce than a reversal. Bears are likely to retest support near $0.9564. Unless the price breaks and holds above $1.00 with volume, sellers remain in full control.
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