TheScalpKing

@Binance BiBi es real?

In recent days, PROVE/USDT has exhibited behavior worth highlighting.

After consolidating in a low zone, it launched a sudden bullish movement that took it from levels close to 1.41 USDT to mark its all-time high at 1.73 on August 12. Now the price remains around 1.44–1.45 USDT, holding above the previous consolidation area.

In my case, my analysis pointed to a bearish scenario. I detected technical patterns that under normal conditions tend to anticipate a fall (like the low volume after an initial hype, it had only 1/7 of its initial volume) but the market took the opposite direction and, within hours, that rise broke my projections, leaving me with an unexpected loss.

This experience reminded me that no matter how solid a hypothesis may seem, the market can always surprise. Risk management, the use of stop loss, and the flexibility to adapt to new conditions are just as important as any technical or fundamental analysis.

What happened with PROVE/USDT is a reminder that in trading absolute certainty does not exist and that the difference lies in the ability to accept changes and react in time $PROVE

Many were buying PROVE out of excitement for its launch, but the utility is still speculative and the price has remained artificially high from the beginning.

The asset was launched at around 0.76 USDT and is now struggling to stay above one dollar, with no strong news backing its value. Under these conditions and with volume incentivized by rewards, a correction is very likely.

Resistance at 0.98 and 1.00. Critical zone if it breaks 0.95 with volume. Technical supports between 0.85 and 0.76.

#SuccinctLabs @SuccinctLabs

$PROVE

PROVE launched strongly and rose quickly as soon as it was listed because many wanted to get in before it 'exploded'. But as happens with almost all new launches, it fell just as quickly; it still does not have a clear price or a firm utility to support it.

This makes it very volatile, and I believe that this same volatility is an opportunity for selling, when an asset has not yet found its real value, the pullbacks are strong and frequent.

It is not going against the project, it is understanding that at this moment there is more bearish force than bullish, which can allow for trades like these.

#PROVEUSD $PROVE

I have read quite a few news articles about the market regarding whether the price of BTC can drop below 100,000, which would drag down all the Altcoins in the market. This is why it's important to always adjust the Stop Loss when taking profits and not increasing losses. The key is patience, discipline, and accepting that there is a profit-taking that you can secure and a loss limit that you must accept $XRP