$PROVE: 3 Rejections — Is Another Dump Coming?PROVE / TetherUS PERPETUAL CONTRACTBINANCE:PROVEUSDT.PaAbraham1xTechnical analysis is about studying previous price action and market structure to identify potential future moves. and PROVE is showing an interesting example of that right now. I’ll be taking a short position on PROVE at market price. Looking at the chart, the previous two marked areas show clear rejection zones where price failed to push higher and subsequently pulled back. Now, we are seeing a similar rejection for the third time, creating a pattern that could signal another potential retracement. Based on this repeated rejection around the same area, I’m expecting PROVE to move lower toward my target. My take-profit target is $0.2090, and I’ll be closely watching how price behaves as it approaches that level. If the bearish structure remains intact, the move toward the target could develop further. Once PROVE reaches my $0.2090 TP, I’ll be looking for a potential long entry, provided the price action confirms a reversal. At the same time, I’ll be focusing on my TAO long position. As always, this is my personal technical-analysis setup and not financial advice.