$RESOLV USDT – BEARISH REVERSAL AFTER LOCAL TOP AT $0.2009!
WICK REJECTION + LOWER HIGH CONFIRMATION – SHORT-TERM WEAKNESS IN PLAY
$RESOLV surged to a high of $0.2009 but quickly faced selling pressure, forming a strong upper wick and red candle on the 4H chart. The failed attempt to hold above $0.19 signals a potential reversal from overbought territory.
Key bearish indicators:
Clear rejection from psychological resistance at $0.20
Lower high forming with follow-through sell candles
Volume decreasing during recovery attempt – sign of weakening buyer strength
SHORT SETUP:
Entry: $0.1850–$0.1870
Targets: $0.1750 and $0.1650
Stop Loss: $0.1925
If RESOLV continues below $0.1800 with volume, expect increased downward momentum in the short term.
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