$PROVE /USDT Technical Analysis – Reversal Attempt After Downtrend
PROVE is currently trading at $1.1724, showing minor recovery (+0.64%) after recently touching its 24h low at $1.1238. The 4H chart highlights a strong bearish trend over the past sessions, with the price declining from the $1.30–$1.40 zone down to the current support region near $1.15. This zone is critical, as buyers are attempting to stabilize and push for a short-term rebound.
Entry: $1.17 – $1.18
Targets:
Target 1: $1.20
Target 2: $1.24
Target 3: $1.28
Stop-Loss: $1.14
Risk Management: Allocate only 3–5% of your portfolio for this trade. After Target 1 is achieved, shift stop-loss to entry to secure capital.
Pro Tip: Watch the $1.20 breakout carefully — sustained volume above this level may confirm strength for a recovery run toward the mid-$1.20s.
