š„ $RESOLV: Retracement or Reload?
š§ After a significant surge, $RESOLV is now in a consolidation phase, testing key support levels. The big question is whether this is a healthy pullback setting up the next move, or if bears are about to step in more decisively. Price action around the 0.3050 mark is pivotal.
š Trading Outlook:
š Potential Long (Spot or low leverage): A confirmed bounce off the 0.3000 - 0.3050 support zone, followed by a break and hold above 0.3200, could signal renewed bullish momentum. Targets could be 0.3400 and then 0.3650.
š Short Setup (Consider leverage): If sellers push $RESOLV firmly below 0.2950, especially with increasing volume, a further decline towards 0.2750 or even the 0.2500 support area could be anticipated.
Vigilance is key in these conditions!
ā ļø Remember, this is not financial advice (NFA). Always do your own research (DYOR).
