$PROVE Consolidation Before the Next Move?
After an incredible bullish rally from the $0.97 zone, $PROVE is now moving within a downward consolidation channel. This phase often acts as a market breather before the next impulsive move, provided the channel resistance is broken.
The $1.35 – $1.38 area is currently acting as dynamic support. A confirmed breakout above $1.46 could reignite the bullish trend and aim for new highs.
Trade Plan:
Potential Entry: $1.36 – $1.38 (on rebound confirmation)
TP1: $1.46
TP2: $1.52
TP3: $1.60
Stop Loss: below $1.34
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