$PROVE /USDT BEARISH SETUP

Current Price: $1.58 (+10.18%)

Key Levels:

Support 1: $1.55

Support 2: $1.54

Resistance 1: $1.62

Resistance 2: $1.74

Analysis:

Despite the recent pump, $PROVE is struggling to stay above short-term MAs (MA7 at $1.62 & MA25 at $1.64). The failure to reclaim $1.62 resistance suggests bearish pressure may push price back toward the $1.55–$1.54 support zone. A breakdown here could open the door to $1.50 levels.

Trade Setup (Short):

Entry: $1.59 – $1.62

Target 1 (TP1): $1.55

Target 2 (TP2): $1.54

Stop Loss (SL): $1.64 ❌

⚠ Risk Management:

Limit exposure to 1–2% of your portfolio, respect your stop loss, and avoid over-leveraging in volatile moves. #DeFiGetsGraded #CPIWatch #BTCReclaims120K #ETHTreasuryStrategy #Write2Earn $PROVE