$RESOLV Long Liquidation Triggered: Is the Reversal Brewing or Just the Beginning of the Slide?
$RESOLV faced a long liquidation pressure of $1.5297K at the crucial support of $0.1797 — a level that acted as a last defense for bulls. The forced exit from longs indicates panic selling, but such liquidations often signal a possible price exhaustion and sharp rebounds if demand reenters at the right spot.
Analysis Zone: Price collapsed into a key liquidity pocket between $0.1740 – $0.1795. This zone aligns with a former accumulation range, which could now flip into a reloading area for buyers if held.
Buy Zone:
Watch closely between $0.1725 – $0.1790. A stable retest or wick below with high volume bounce could signal reaccumulation.
Target Levels:
First Target: $0.1915 – a key resistance from recent breakdown.
Second Target: $0.2040 – matches previous supply zone and liquidation origin.
Final Bullish Target: $0.2185 – reclaiming this could reignite bullish momentum.
Stop-Loss:
To minimize downside risk, place a tight stop below $0.1680, as any break and close under this would invalidate bullish reversal prospects.
This setup demands precision — $RESOLV is either at the edge of a powerful recovery or the start of further capitulation. Let the volume and candle structure guide your conviction.