$PROVE /USDT based on your data:

$PROVE /USDT TECHNICAL ANALYSIS – BEARISH TREND

Current Price: 1.0506 USDT

24h High: 1.1202 USDT

24h Low: 1.0496 USDT

24h Volume: 6.28M PROVE / 6.80M USDT

Key Levels

Resistance: 1.120 – 1.125 USDT (recent high)

Support: 1.050 – 1.048 USDT (current low range)

Current Price Zone: At support level, testing the lower boundary

Market Bias

Price is near the 24h low and has dropped ~6% from the previous levels → bearish bias.

Selling pressure is strong, and the downward momentum suggests continuation unless a reversal candle forms at support.

Trade Setup

Short Opportunity (Bearish Continuation):

Entry: 1.051 – 1.055 USDT

Stop Loss: 1.065 USDT (above minor resistance)

Targets:

TP1: 1.048 USDT

TP2: 1.040 USDT

Alternative Long Opportunity (Aggressive Reversal Play):

Entry: 1.049 – 1.050 USDT (support zone)

Stop Loss: 1.040 USDT

Targets:

TP1: 1.080 USDT

TP2: 1.100 USDT

Risk Management

Limit risk to 1–2% of total capital per trade.

Avoid buying if support breaks decisively with high volume.

Monitor price action near resistance for shorting opportunities.

I can also create a visual mini-chart for PROVE/USDT showing support, resistance, and trade zones if you want it easier to track. Do you want me to do that?

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