$RESOLV | ANALYSIS 4H
- I expect price action to remain choppy in the current range, but there’s a higher probability of a bounce from the 0.1758–0.1657 support cluster if the price sweeps these lows and quickly recovers with a strong reversal candle.
- Scenario for Long: Watch for a sweep below 0.1758 (ideally down to 0.1657–0.1617), then a sharp recovery with a bullish engulfing or pin bar, with confirmation on lower timeframe. Enter long on confirmation, target 0.1959 first, then 0.2094 if momentum follows through. Place your stop-loss at the most recent swing low below the entry zone.
- Scenario for Short: If price spikes up and takes 0.1959 but fails to hold, forming a strong rejection or bearish candle, you could short with target at 0.1758 or 0.1657. Stop-loss should be above the swing high of the rejection area.
- If price cleanly breaks and closes above 0.1959 with strong momentum, I would ab...
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