$PROVE – BEARISH PRESSURE CONTINUES, DOWNSIDE RISKS REMAIN
$PROVE has been in a consistent downtrend from the 1.5179 high, hitting a recent low of 1.2414 before entering a narrow consolidation range. Price is struggling to reclaim the 1.3065 average level, signaling weak buying momentum. A break below 1.2880 could open the way for a retest of 1.2600 and the key support at 1.2410. Bulls need a push above 1.3200 to challenge the 1.3500 zone and shift short-term sentiment.
Trade Setup:
Entry: 1.2980 – 1.3050
Target 1: 1.2600
Target 2: 1.2410
Stop Loss: 1.3220
