【$PROVE Signal】Long | Healthy Pullback After Massive Breakout

After completing a massive breakout on the 4-hour chart, the price is undergoing a healthy pullback and consolidation above the previous breakout level. Currently, the order book shows balanced buy and sell depth, with no significant selling pressure, and the funding rate is negative, which favors long positions.

🎯 Direction: Long

🎯 Entry: 0.348 - 0.356

🛑 Stop Loss: 0.338 $PROVE Rigid stop loss, below the lower boundary of the previous breakout zone (

🚀 Target 1: 0.390

🚀 Target 2: 0.420

Hardcore Logic: On the 4H timeframe, a single candle with nearly 10 times the average volume broke out, which is a clear signal of main capital entering. Subsequently, the price retraced to stabilize above the midpoint of the breakout candle (0.344-0.352), forming an effective support zone. The current consolidation range (0.343-0.365) is narrowing, with no significant accumulation of sell orders, indicating that selling pressure has been absorbed. The negative funding rate reduces the holding cost for longs. Price action (PA) shows this is a healthy reset in an upward trend, not a top formation. Statistically, the risk-reward ratio is greater than 3:1, offering an advantage of small losses and large gains.

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‍$PROVE
#Is the current market bottoming out or just observing?