$RESOLV /USDT – BEARISH MOMENTUM BUILDING, SHORT SETUP UNFOLDING
$RESOLV is showing signs of weakness after failing to hold key intraday levels. With a -2.31% drop in the last 24 hours, the price action suggests increasing bearish pressure and potential continuation to the downside.
Current Price: $0.2582
24h High: $0.2725
24h Low: $0.2421
Key Resistance Levels:
$0.2725 – 24h high and immediate resistance
$0.2800 – Secondary resistance zone
$0.3000 – Major psychological barrier
Key Support Levels:
$0.2500 – Immediate support
$0.2421 – Intraday low and last line before breakdown
$0.2385 – Strong demand zone
Trade Setup: (SHORT POSITION)
Entry: $0.2590 – current price region
Take Profit Targets (TP):
TP1: $0.2500
TP2: $0.2420
TP3: $0.2385 (extended target if bearish momentum holds)
Stop Loss (SL): $0.2725 (just above resistance)
Market Outlook:
The overall trend for RESOLV/USDT on the 1-hour chart shows consistent lower highs, indicating weak buyer interest. Unless bulls regain $0.2725+ levels, price may test lower supports in coming sessions. Volume spikes suggest distribution by larger holders, a common signal before dips.
Risk Management:
Risk only 1–2% of your total capital per trade. Use trailing stop-loss once TP1 is hit to lock profits.
