#BOOOOOOOOOOOOOOOOOOOM
$PROVE has shown a massive pump from 0.3000 to 1.9250, followed by a correction and now a strong recovery back above 1.40. The chart indicates bullish momentum returning, but after such a huge move, risk management is critical.
Trade Plan
Entry Zone: 1.40 – 1.43
Stop Loss: Below 1.30
Take Profits:
TP1: 1.57 (recent high)
TP2: 1.75
TP3: 1.92 (major resistance)
Strong bullish candles on the 4H chart with increasing volume.
Price has reclaimed key short-term support at 1.40.
Momentum could push towards recent highs, but volatility is very high, so small TPs are safer.