“PROVE plummeted 8%, is it a bottom fishing or a grave digging? One article to understand if the 1.46 value anchor can save the situation!”

【One-sentence summary】

After PROVE's 8% drop in 24 hours, it is standing on the giant POC 'value anchor' at 1.46, with buy walls three times the sell walls, seemingly a golden pit, but hiding a liquidity giant at 1.69 above, a short-term battle between bulls and bears is imminent.

【Key interval structure】

1. Value anchoring area: POC=1.457, maximum transaction of 205M in 7 days, becoming the lifeline for bulls.

2. High transaction volume area HVN: 1.44-1.48 (current area), 1.02-1.04 (lower buffer), the former is short-term support, the latter is the pullback target.

3. Low transaction volume gap LVN: 1.75-1.95 (vacuum area), once the sell wall at 1.69 is broken with volume, it can quickly shoot up.

4. 70% transaction volume coverage area: 0.745-1.596, current price is below the upper edge, not overbought, but close to the upper edge, need to be cautious of false breakouts.

5. Momentum verification: Up Vol in POC area 56%, slightly bullish; Up Vol near 1.69 < 40%, dominated by sellers.

6. Bollinger Bands: Middle track 1.499, current price is above the lower track 1.378, short-term is at the weak volatility end.

7. MA200: 1.242, current price deviates +18.8%, mid-term is still strong, but the deviation is too large.

8. Open positions: 24h OI -17%, funding rate -0.0008, after the bullish stomp, leverage has decreased, favorable for rebound.

【Market Cycle】

Short-term pullback segment in the mid-term upward channel, daily line pulling back to the 10-day line, weekly line is still in the early stage of a bull market, can be defined as 'bull market continuation washout'.

【Trading Strategy】

1. Aggressive long position: If a 15m level stop loss PinBar appears within the pullback to 1.457-1.465 POC, enter at 1.460, stop loss 1.445 (below HVN -0.5ATR), first target 1.525 (upper HVN), second target 1.69 (upper edge of LVN), risk-reward ratio ≈ 2.8.

2. Conservative long position: Wait for a volume breakout above 1.49 and a 1h close to stabilize, enter on pullback at 1.485, stop loss 1.475, targets 1.525-1.55, risk-reward ratio ≈ 2.2.

3. Conservative short position: If it drops below 1.445 and DownVol > 60%, short on rebound at 1.45, stop loss 1.465, targets 1.40-1.38, risk-reward ratio ≈ 2.0.

Risk warning: If 1.44 is lost and OI continues to decline, the bullish structure is damaged, and long positions should be stopped immediately.

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