【$PROVE Signal】Long | Healthy Pullback After Breakout with High Volume

$PROVE After completing a massive breakout on the 4-hour chart, the price is consolidating at a high level with a healthy pullback. The price found support near the 50% Fibonacci retracement level (~0.3441) of the breakout candle (0.2964-0.3918), forming a narrow range of oscillation. The current negative funding rate indicates market sentiment is bearish, which is favorable for long position building. Order book depth shows dense buy support in the 0.3422-0.3424 range.

🎯 Direction: Long

🎯 Entry: 0.3420 - 0.3450

🛑 Stop Loss: 0.3360 ( Rigid stop loss, below the low of the breakout candle and dense support zone )

🚀 Target 1: 0.3780

🚀 Target 2: 0.3910

Core Logic: After a single 4H candle with over $90 million in volume, there was no panic selling. Instead, the price consolidated with decreasing volume and narrow candles, which is a typical healthy reset after absorption of buy orders and profit-taking. The low point of the pullback at 0.3428 precisely tested the upper boundary of the previous breakout zone and Fibonacci support, without touching the middle of the massive candle body (below 0.344), indicating exhaustion of selling pressure. The negative rate provides a cost advantage. As long as the price stays above 0.3360 (breakout initiation point), the structure remains intact, and testing previous highs and extending targets upward is a high-probability path. Small losses, large gains, excellent risk-reward ratio.

Trade here 👇 $PROVE

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