$PROVE /USDT BEARISH SETUP

Current Price: $1.59 (+11.44%)

Key Levels:

Support 1: $1.55

Support 2: $1.50

Resistance 1: $1.64

Resistance 2: $1.74

Analysis:

$PROVE has faced rejection from the $1.64 resistance zone, with price currently trading below MA(7) and MA(25), signaling weakening momentum despite the recent pump. If the $1.55 support breaks, a deeper pullback towards $1.50 is likely. Bears are gaining short-term control.

Trade Setup (Short):

Entry: $1.60 – $1.63

Target 1 (TP1): $1.55

Target 2 (TP2): $1.50

Stop Loss (SL): $1.65 ❌

⚠ Risk Management:

Risk max 1–2% of capital, place SL immediately after entry, and don’t over-leverage in a volatile move. Stay disciplined. #DeFiGetsGraded #CPIWatch #BTCOvertakesAmazon #ETHTreasuryStrategy #Write2Earn $PROVE