I wrote about this coin this morning but was too busy to post it, the current price has dropped below which has significantly reduced the probability of success. There is still an opportunity to update for anyone interested to enter the order.
Real-time price: ~0.264 USDT
Technical context: RESOLV is in a clear downtrend, continuously creating lower lows and lower highs. The H1–H4 frame shows a distribution model and gradually declining to a deep support area. Weak cash flow, no signs of a sustainable reversal yet.
✅ Suggested trading strategy
🔻 Short Order (priority)
• Entry: 0.268 – 0.271
• SL: 0.276
• TP: 0.237
• Probability: ~65%
• Reason:
• The 0.268–0.271 area is a strong resistance zone according to H1–H4, which has been rejected multiple times.
• The main trend is still declining, RSI has not created divergence.
• This entry is trend-friendly, suitable to take advantage of weak rebounds before continuing to drop.
🔺 Long Order (consider if Swing speculation)
• Entry: 0.228
• SL: 0.2185
• TP: 0.256
• Probability: ~50%
• Reason:
• The 0.228 area is a potential support (the nearest technical bottom).
• But the overall trend is still strongly downward, cash flow is unclear.
• Long orders are only suitable for small swing trading, expecting a technical rebound, not for those wanting to trade safely.
⚠️ Risk warning
• RESOLV is currently declining according to a fairly clear structure, so prioritize Short, avoid catching the bottom if there are no clear reversal signals.
• If BTC breaks 104k or selling pressure spreads → RESOLV is likely to be pulled down sharply.
• Be careful with Long orders, only enter when there is confirmation of a reversal candle + volume.
Conclusion:
The Short strategy for RESOLV around 0.268–0.271 is currently the optimal option, aligning with the trend and having a clear SL area. The Long order should only be used for quick swings if it hits the support area of 0.228, absolutely do not hold long if there are no signs of a real trend reversal. Manage capital tightly because RESOLV has erratic volatility.