$SOLV /USDT – BEARISH BREAKDOWN LIKELY AS PRICE STALLS BELOW KEY RESISTANCE
The current price action of $SOLV /USDT shows a bearish bias, with the pair trading at 0.04558, down -0.93%. Sellers are dominating the market as price fails to break above the immediate resistance zone, suggesting weakness and potential downside movement.
Key Levels to Watch:
Resistance Levels:
0.04650 – Minor resistance
0.04750 – Strong resistance
0.04800 – Major breakout level
Support Levels:
0.04504 – Immediate support
0.04400 – Key support
0.04000 – Strong demand zone (high-probability reversal area)
Current Price: 0.04558
Trade Setup – Short Entry:
Entry: 0.04550 - 0.04570
Take Profit (TP):
TP1: 0.04500
TP2: 0.04400
TP3: 0.04050
Stop Loss (SL): 0.04660
Market Outlook:
The trend remains weak as SOLV struggles to sustain above 0.04600. Volume confirms a lack of buying pressure, suggesting further downside is likely unless a sudden reversal breaks 0.04750 with volume. Bears currently have the edge, and momentum supports short-term selling.
Risk Management:
Risk only 1-2% of your capital per trade. Stick to your SL. Let the market come to your levels — no chasing.
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