$RESOLV /USDT Spot - Bearish Alert!
Analysis
RESOLV/USDT is at 0.1492, trading below SMA(9) at 0.1499 and SMA(15) at 0.1490. The downtrend is active, with MACD showing weak momentum and RSI(14) at 41.90 nearing oversold. Support at 0.1490 is under pressure!
Why Down?
Price below key SMAs signals bearish control.
MACD bearish with no strong reversal signs.
Break below 0.1490 could accelerate the drop.
Trade Setup
Entry: 0.1490 (breakout confirmation)
Target: 0.1480
Stop Loss: 0.1502 (above SMA(9))
Leverage: 3x (adjust per risk)
Risk/Reward: ~1:2
Action
Consider a short at 0.1490. Watch volume and support closely!
#resolvusdt #cryptotrading #Binance #bearish