$RESOLV – SHORT TRADE SIGNAL AFTER REJECTION
$RESOLV faced rejection near 0.1694 resistance and is now showing signs of weakness despite recent bullish momentum. Price is struggling to hold above the short-term MA, signaling potential downside.
Trade Setup (Short):
Entry: 0.1680 – 0.1685
Targets (TP): 0.1660 / 0.1645 / 0.1625
Stop Loss (SL): 0.1702
Market Outlook:
While the broader trend has been positive in recent sessions, immediate rejection from resistance suggests a pullback phase. Caution advised for long positions.
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