$RESOLV | 30m analysis 📊
If price retraces into the 0.1687–0.1667 zone and shows a clear reversal signal, I expect a bounce back up toward 0.1716 and possibly 0.1740. This is the most favorable long setup here!
- If the price just breaks down through 0.1667 and closes below, I would stand aside as it may continue toward the 0.1623 support.
- For now, bulls could control the short-term if that fair value gap holds, but if price gets rejected at 0.1716–0.1740, watch for another move down.
- My bias would turn strongly bearish only below 0.1667, especially on high volume or strong bearish candle closes. If the price closes above 0.1753 with momentum, I’d expect further upside.
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