$PROVE /USDT based on your latest data:

PROVE/USDT TECHNICAL ANALYSIS – BEARISH BIAS

Current Price: 1.0425 USDT

24h High: 1.1186 USDT

24h Low: 1.0400 USDT

24h Volume: 6.36M PROVE / 6.88M USDT

Key Levels

Resistance: 1.100 – 1.118 USDT (recent highs)

Support: 1.040 – 1.042 USDT (current price & 24h low)

Current Price Zone: Testing support, downward momentum continuing

Market Bias

Price has dropped ~6.64% in the last 24h → strong bearish momentum.

Price is near 24h low; a decisive break below 1.040 could open further downside.

Moderate volume indicates active selling pressure, confirming the downtrend.

Trade Setup

Short Opportunity (Bearish Continuation):

Entry: 1.042 – 1.045 USDT

Stop Loss: 1.060 USDT

Targets:

TP1: 1.040 USDT

TP2: 1.020 – 1.030 USDT

Aggressive Long Opportunity (Potential Bounce):

Entry: 1.040 – 1.042 USDT (support zone)

Stop Loss: 1.030 USDT

Targets:

TP1: 1.060 USDT

TP2: 1.080 – 1.100 USDT

Risk Management

Risk no more than 1–2% of total capital per trade.

Avoid entering long if support breaks decisively with strong selling volume.

Monitor resistance zones for potential shorting if price rebounds.

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