🚨$PROS (4H) Analysis: Wick rejection at support – Is this enough to bottom-fish? 🔄 After a sharp drop of more than -11% in a single day, PROS fell from the short-term high at 0.8338 USDT down to around 0.6280 USDT. On the 4H timeframe, the chart is now showing some notable developments at this key support zone. 1. Price Action & Volume Short-term bullish signal: The latest 4H candle formed a long lower wick around the 0.6280 USDT level, followed by a mild recovery to around 0.6416 USDT. This suggests that some buy-side demand has appeared at this strong psychological support, temporarily stopping the aggressive sell-off. Key observation: Despite the bounce, recovery volume remains relatively low compared to the previous heavy selling candles. This indicates that buyers are still defensive, and strong “Smart Money” participation has not yet confirmed a full trend reversal. 2. Market Scenarios 📈 Bullish scenario (technical bounce): If PROS manages to hold the 0.6280 – 0.6350 USDT zone and buying volume increases, a technical rebound could occur, retesting resistance around 0.6800 – 0.7000 USDT. 📉 Bearish scenario (trend continuation): If the bounce is weak and turns into a liquidity absorption (bull trap), sellers may regain control. A confirmed breakdown below 0.6280 USDT would likely continue the downtrend, with the next major support near 0.5600 USDT on the daily timeframe. 3. Trading strategy & risk management For short-term long/spot trades: Only suitable for high-risk scalping of a potential bounce. Avoid heavy FOMO as the higher timeframe trend is still corrective. Stop-loss should be placed below 0.6250 USDT. Safer approach: Wait for a clearer accumulation structure (double bottom formation + confirmed volume expansion) before taking larger positions. This article is for informational and technical analysis purposes only and does not constitute financial advice. Always manage risk and take responsibility for your own trading decisions. #OKXPizzaDay #FiredancerGoesLive