$RESOLV /USDT BEARS TAKE THE WHEEL – FURTHER DOWNSIDE LIKELY IF KEY SUPPORT BREAKS!
Current Price: $0.2437
24h Change: -7.72%
Technical Analysis:
The recent sharp decline in $RESOLV /USDT indicates growing bearish pressure as price dropped close to the day’s low of $0.2421. Despite brief attempts to bounce, buyers are failing to hold key levels.
Key Levels to Watch:
Resistance Levels: $0.2500 / $0.2650 / $0.2700
Support Levels: $0.2420 (critical) / $0.2350 / $0.2200
Price is currently hovering just above a major support at $0.2420. A clean break and close below this level may trigger accelerated downside.
Trade Setup (Bearish Bias – Short Opportunity):
Entry: $0.2435–$0.2450 (current price zone)
Targets (TP):
TP1: $0.2350
TP2: $0.2200
Stop Loss (SL): $0.2505 (above local resistance)
Market Outlook:
Momentum indicators suggest strong downside with increased volume on red candles. The lack of bullish reaction around support signals that sellers remain in control. Only a break above $0.2500 may neutralize this pressure in the short term.
Risk Management:
Always risk only 1–2% of your capital per trade. Use fixed SL and adjust position sizing based on account size to maintain discipline.
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