$RESOLV BEARISH PRESSURE CONTINUES - SUPPORT TEST AHEAD?
Current Price: $0.1645 (-8.71%)
MARKET OVERVIEW
RESOLV is experiencing significant bearish momentum with an -8.71% decline. The token is testing critical support levels after breaking down from previous consolidation. High volume indicates institutional selling, suggesting more downside potential.
KEY LEVELS
RESISTANCE ZONES
Primary: $0.1700 - Major resistance and previous support
Secondary: $0.1750 - Key reversal level
Strong: $0.1818 - 24h high and major barrier
SUPPORT ZONES
Immediate: $0.1638 - Current support test
Key: $0.1608 - 24h low and critical floor
Major: $0.1550 - Next major support zone
TRADE SETUPS
BEARISH SCENARIO
Entry: Break below $0.1608 with volume confirmation
Target 1: $0.1550 (-5.8%)
Target 2: $0.1500 (-8.8%)
Target 3: $0.1450 (-11.9%)
Stop Loss: $0.1700 (+3.3%)
BULLISH SCENARIO
Entry: Reclaim above $0.1700 with strong volume
Target 1: $0.1750 (+6.4%)
Target 2: $0.1800 (+9.4%)
Target 3: $0.1850 (+12.5%)
Stop Loss: $0.1600 (-2.7%)
RISK MANAGEMENT
Position size: 1-2% of portfolio
High volatility expected - use tight stops
Wait for volume confirmation on entries
Consider DCA for long positions
RESOLV is under heavy selling pressure. A break below $0.1608 could accelerate downside toward $0.1550. Only a strong reclaim above $0.1700 would signal potential reversal. Current trend favors bears.