$RESOLV #resolv #future resolv/usdt showing weakness
take profit targets:
1) first take profit: 0.1888 (immediate support)
2) second take profit: 0.1814 (lower bollinger band)
3) third take profit: 0.1796 (24h low)
entry zone for shorts: 0.1924 - 0.1933
key warning signs:
- rsi(6): 58.56 (approaching overbought on smaller timeframe)
- macd: showing weak momentum (0.0006)
- volume: decreasing ma(5) < ma(10) suggests loss of interest
- price struggling at middle bollinger band (0.1933)
stop-loss: 0.1961 (above upper bollinger band)
pattern observations:
potential double top forming at 0.1960
bearish divergence on rsi
failed breakout attempts
trading plan:
1) consider short positions near current levels
2) add to position if breaks 0.1888
3) watch for volume confirmation
like ❤️ if trading this setup
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ps. high risk trade - use strict risk management as volatility may increase$BTC