$PROVE — BULLISH REVERSAL SIGNS EMERGING AFTER HEAVY SELL-OFF
After plunging to $1.1870, $PROVE has staged a rebound above the $1.2150 zone, with short-term moving averages beginning to flatten. This shift suggests buyers are attempting to regain control, aiming for a push toward the $1.2350–$1.2450 resistance area if momentum continues building.
Trade Setup (Long)
Entry: $1.2150 – $1.2200
TP1: $1.2350
TP2: $1.2450
Stop Loss: $1.2050
Market Outlook:
The market is showing early signs of a bullish recovery, but strength must hold above $1.2150 for further upside. Failure to maintain this level could lead to renewed selling pressure and a retest of $1.2000 or lower.
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