Market Update: $RESOLV Long Liquidation Spotted at $0.2184 – What's Next?
A major long liquidation just occurred on $RESOLV , worth $9,890.90 at the $0.2184 level. This shakeout signals high volatility and possibly the end of weak hands—but for sharp traders, this could be the calm before the next explosive move.
Technical Analysis & Trade Setup:
Current Price Zone: Around $0.2184 (Post-liquidation)
Buy Zone (Accumulation Area):
Primary Entry Range: $0.2070 – $0.2150
This is a high-reward accumulation zone, where price could bounce after liquidity grab.
Targets (Upside Potential):
Target 1: $0.2340 – First resistance zone from previous highs
Target 2: $0.2480 – Breakout confirmation zone
Target 3: $0.2675 – Mid-term bullish extension if volume supports
Stop Loss (Risk Control):
Stop Below: $0.2020 – Clean invalidation level. If broken, structure turns bearish.
Narrative Outlook:
This long liquidation may have cleared leveraged positions and opened the door for a fresh bullish wave. If $RESOLV holds above $0.2150 and shows strong volume, bulls may regain control. But if the price slips below $0.2070, prepare for deeper correction.
Stay sharp. The liquidation may just have ignited the fuse for the next big move.
