🚨 PROVE/USDT: The Correction is Deep. Will Bulls Step In? A High-Risk Breakdown!

Market Outlook: After a massive price surge followed by a significant correction in August, PROVE is currently in a high-risk consolidation phase. The price has retraced substantially from its all-time high of $1.9250 reached on August 6, 2025. This move suggests extreme volatility and the need for significant caution. The current price action indicates a fragile support level being tested, with the potential for further breakdown.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed candle close ABOVE the resistance level of $1.15–$1.20 on a higher timeframe (e.g., 4H or Daily) with substantial volume. This would suggest that the short-term bearish pressure is easing.

💰Targets: $1.25, $1.35, and potentially towards $1.50.

🛑Stop Loss: Below the immediate support level of $1.05.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the crucial support level of $1.05 with a closing candle on a higher timeframe.

💰Targets: $0.95, $0.90, and potentially a revisit to the previous lows.

🛑Stop Loss: Above the recent swing high at $1.12.

Your Action Plan:

01 - Wait for Confirmation: The key is to wait for a decisive move. This is a very high-risk pair due to its recent explosive move and deep retracement. A move above or below the critical zones is needed to confirm a new direction.

02 - Use a Stop-Loss: Always protect your capital. Given the high volatility of PROVE, a stop-loss is mandatory.

03 - Manage Your Risk: Do not over-leverage. Position sizing should be conservative given the significant risk involved.

📢 What are your thoughts?

Vote: Do you think PROVE will find support and consolidate for a bounce, or will it break down further towards previous lows?

Consolidate and Bounce

Break Down Further

Comment: Share your analysis below!