๐ $RESOLV Brutal Dump or Bounce Zone?
$RESOLV crashed over -21%, plunging from $0.4299 to $0.2907 a sharp technical correction. But signs of stabilization are emerging near $0.2990.
๐ Current Snapshot:
โข Price: $0.2995
โข Range: $0.2907 โ $0.4119 (24H)
โข Volume: $142M (heavy sell-side flow)
๐ Market Insight:
After an explosive rally, the sharp pullback has two clear outcomes:
1๏ธโฃ Relief bounce toward $0.33โ$0.35
2๏ธโฃ Further breakdown if $0.29 fails to hold
Traders should watch the next 4H candle โ a bullish hammer or engulfing near this zone could trigger a quick reversal.
๐ก Scalp Setup Zone:
This $0.2990 base could offer risk-reward potential, but only for aggressive scalpers using tight SLs.
โ ๏ธ No confirmation = no entry. Let the chart guide the next move on $RESOLV