$PROVE Bearish Pressure Under Key Resistance
On the 15-min chart, $PROVE has been moving inside a descending channel for several hours. After a short bounce, the price stalled at the dynamic resistance around $1.4516, which aligns with the upper channel boundary and the red moving average.
Scenarios to Watch:
Bearish (continuation): If selling pressure holds below $1.43, breaking the intermediate support could push price toward:
TP1: $1.40
TP2: $1.38
TP3: $1.35 (channel bottom)
Technical Rebound: A move back above $1.43 with strong volume could trigger a push toward:
TP1: $1.45 (critical zone)
TP2: $1.47
š Suggested Stop Loss: Above $1.46 for a short position.
ā ļø The short-term trend remains bearish as long as price stays below $1.4516.
