$PROVE 🩸🩸🩸
Short trading signal 🛑 🚦
The downward momentum is set to continue
Price action has sharply declined from the consolidation area, rejecting resistance at $1.40 - $1.50 and confirming seller dominance. With the current momentum, bears are targeting deeper low levels as liquidity pools form below. Immediate retracements towards resistance may present new short-selling opportunities.
Trading Setup:
Entry Area: $1.36 – $1.40
Take Profit 1: $1.30
Take Profit 2: $1.21
Stop Loss: $1.50
Market Outlook:
Momentum has decisively shifted to the bearish direction with consecutive lower highs and significant selling volume. A retest of broken support may push prices lower again, with $1.21 as a key target area. Only a strong recovery above $1.50 will invalidate this bearish setup.