$SOLV /USDT – BEARISH PULLBACK POSSIBLE BEFORE NEXT LEG UP 🔄📉

Current Price: $0.04553

24H Change: +5.49% 🌿

Volume: 246.28M SOLV / 11.14M USDT 📊

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📊 TECHNICAL ANALYSIS OVERVIEW

$SOLV /USDT has seen a short-term rally, but now trading below key moving averages, suggesting potential weakness or correction before a renewed move higher.

🔹Key Resistance Levels:

$0.04620 (MA7 – immediate resistance)

$0.04716 (24h high – breakout level)

🔸Key Support Levels:

$0.04501 (MA99 – strong support zone)

$0.04421 → $0.04350 (support cluster from recent lows)

MA Status:

MA(7): $0.04620 ❌

MA(25): $0.04578 ❌

MA(99): $0.04501 ✅

Price currently below MA7 & MA25, hinting at short-term bearish pressure.

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🛠️ TRADE SETUP – SHORT ENTRY

📤 Entry Zone: $0.04580–$0.04620 (near MA resistance)

🎯 Targets (TP):

TP1: $0.04500

TP2: $0.04420

TP3: $0.04350

🛑 Stop Loss (SL): $0.04730 (above recent high & invalidation)

⏳ Timeframe: 1H / 4H bearish candle confirmation

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✅ RISK MANAGEMENT

🧠 Risk 1–2% max per trade.

Stick to a Risk:Reward ratio of 1:2+.

Move SL to breakeven once TP1 is reached.

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⚠️ SOLV shows signs of exhaustion – watch for a pullback before considering longs. Patience is a position. 🐻📉

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