$RESOLV USDT BEARISH TREND WITH MINOR BOUNCE – SELL THE RIP?
$RESOLVUSDT is trading at 0.1423, down -4.82% today on the 15m timeframe. Although there is a quick green bounce, the overall structure remains heavily bearish.
🔑 Key Levels:
Resistance: 0.1440 – 0.1460 (previous breakdown levels)
Support: 0.1395 (24h low) and psychological support near 0.1380
📉 Trade Setup (Short):
Entry: 0.1425 – 0.1440 (if price rejects this bounce)
Take Profit (TP):
TP1: 0.1400
TP2: 0.1385
Stop Loss (SL): 0.1465 (above recent lower high)
💡 Market Outlook:
The chart shows a series of strong bearish candles forming lower highs and lower lows, with a temporary relief bounce. Unless it breaks above 0.1460 with volume, downside momentum is likely to continue.
⚠️ Risk Management:
Only risk 1-2% of your capital per trade. Avoid over-leveraging, as quick rebounds can trap shorts before trend continuation.
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🔥 Comment "SHORT CONFIRMED" if you see this bearish setup playing out!
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