
Post
$PROVE
PROVEUSDT in the 1H frame is giving quite a positive recovery signal after creating a short-term bottom around 0.2177. The price is currently maintained above MA5, MA10 and MA20, indicating that the buying force is dominating in the short term. Increasing volume in green candles confirms the return of cash flow.
The close support area is around 0.228 - 0.230, if maintained, it can continue to push the price to test the resistance of 0.240 and stronger than 0.253. However, MA60 and MA120 above are still sloping down, so the medium-term trend has not completely reversed.
The appropriate strategy is to buy when the price slightly adjusts to the support area, avoiding FOMO in the strong bullish candle. If the hole is 0.228, the loss should be cut to limit the risk.
Short-term goals:
● TP1: 0.240
● TP2: 0.250 - 0.253
● SL: less than 0.228
Currently, the tendency is to lean towards short-term recovery rather than further decline.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!