$RESOLV 4-Hour Technical Analysis Update
Current Market Conditions
- *Current Price:* $0.2402
- *24H Range:* $0.2376 (Low) | $0.2725 (High)
- *24H Change:* -7.58%
Key Levels to Watch
Resistance Zones
1. $0.2515 - Dynamic resistance at MA(99)
2. $0.2579 - Recent price rejection level
3. $0.2725 - 24-hour high and major resistance
Support Zones
1. $0.2376 - Key intraday support
2. $0.2300 - Psychological and previous demand zone
Trade Setup: Short Position
- *Entry:* $0.2400 (current price under all major MAs)
- *Stop Loss:* $0.2515 (just above MA(99))
- *Targets:*
1. $0.2300
2. $0.2220
Technical Indicators
- *Price below MA(7), MA(25), and MA(99):* Clear downtrend signal
- *MACD:* Bearish momentum, suggesting further downside potential
- *Volume:* Spike with price drop indicates strong selling pressure
Risk Management
- *Risk 1-2% of capital per trade*
- *Use trailing stop after hitting T1 to lock profits*
- *Avoid overleveraging; protect your capital*
Market Outlook
The bearish structure remains intact. Consider selling rallies and stay sharp to trade smart!
