$PROVE – BEARS IN CONTROL, MORE DOWNSIDE POSSIBLE
$PROVE has been under strong selling pressure, dropping from the 1.51 peak to the 1.24 support zone before a minor bounce. The price is now struggling below the 1.29 level, showing signs of weak buyer momentum. If sellers maintain control, a breakdown below 1.24 could open the way toward 1.20 and 1.18.
Short Trade Setup:
Entry: 1.27 – 1.29
Target 1: 1.24
Target 2: 1.20
Stop Loss: 1.31
Weakness below resistance suggests bears are still active, so caution is advised for long positions.
