PROVE/USDT – 2H Chart Analysis
Currently, PROVE is positioned at the lower end of a Rising Channel, around the $1.42 zone. This level acts as a significant support in the short-term market structure.
Bullish Scenario: If there is a rebound from the support, the price could target $1.65 and subsequently $1.78.
Bearish Scenario: If the support breaks, there is a possibility of a correction down to the $1.30–$1.25 range.
A slight decrease in current volume is observed, which could lead to an impulsive move in either direction—breakout or breakdown.
Risk management is essential at such levels in trading.
🎯 Proposed Plan (Educational)
Entry Zone: $1.40–$1.43
Stop Loss: $1.28
Take Profit 1: $1.65
Take Profit 2: $1.78
Bias: Neutral to Bullish, until support is broken.
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