big loss. should I sell or hold it? it is hurting Luke fun coin

Looking at the $PROVE

/USDT 1-hour chart, the trend is clearly bearish right now.

1. Analysis

• Price Action: Price has fallen from the recent swing high near 1.52 and just broke the 1.35 support area, briefly touching 1.3450. The sharp red candle at the end shows strong selling pressure.

• Moving Averages: The short-term MA(7) at 1.4147 is well below the MA(25) at 1.4513, and both are below the MA(99) at 1.4853. This alignment signals a sustained downtrend.

• Momentum: The recent drop is steep, and candles are closing near their lows, indicating sellers are in full control. No reversal signs are visible yet.

• Volume: 24h volume is high, which confirms the strength behind the current sell-off.

2. Short Trade Outlook

• Current trend favors short positions, but the coin is already near its 24h low, so chasing too late could lead to a bounce risk.

• A safer entry would be on a small pullback toward 1.37–1.39, with a stop loss above 1.41 and a target toward 1.32–1.33 if selling pressure continues.

• This market is in a bearish phase, and momentum traders can consider short scalps, but risk control is critical because the next support is not far below.