#resolve $RESOLV

📉 Current Summary

Price: $0.1546 (down 3.62%)

Trend: Strong downtrend from peak of $0.4299

24h Range: $0.1409 – $0.1750

Volume: High RESOLV volume (81.09M)

Indicators:

MACD: Slight bullish crossover (MACD: 0.0014 > DEA: -0.0081)

RSI(14): 23.34 – Oversold

RSI(6): 28.64 – Near oversold

Recent Low: $0.1382 (support zone?)

⚙️ Trading Strategy: Oversold Reversal + Momentum Play

🔍 1. Wait for Confirmation of Bottoming

RSI(14) is below 30 → asset is in oversold territory.

Watch for price consolidation or a bullish candlestick pattern (e.g. hammer, engulfing) around $0.14–$0.16 zone.

Entry Trigger: Bullish confirmation candle + RSI(14) crossing above 30.

🟢 Buy Zone: $0.14 – $0.16

Place staggered entries near this range.

Set tight stop-loss just below recent low ($0.1382), maybe at $0.1350.

🎯 Profit Targets

TP1 (Short-term): $0.1750 – previous 24h high.

TP2 (Medium-term): $0.20 – psychological resistance & minor historical level.

TP3 (If strong momentum): $0.25+

Use trailing stop-loss to lock in profits if price surges.

❌ Stop-Loss Strategy

Set SL around $0.1350 (below recent low).

This limits downside risk while giving price room to fluctuate.

📊 Optional: Use MACD for Trend Confirmation

MACD just turned positive (bullish crossover).

If histogram bars start increasing, it strengthens the case for a short-term rebound.

🧠 Risk Management

Use 2-5% of portfolio max on this trade.

Watch out for fakeouts, especially on new or low-liquidity tokens.

Monitor for news or events related to RESOLV that could drive volume/price.

🛑 Final Thoughts:

This is a short-term bounce strategy based on oversold RSI and MACD reversal. If you’re a conservative trader, wait for confirmation (RSI > 30, bullish candle). If you're more aggressive, you could scale in near the bottom range and manage with tight stops.

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