$RESOLV /USDT TECHNICAL ANALYSIS: SHORT TRADE SIGNAL

Trade Setup:

The chart for RESOLV/USDT indicates a potential short-term reversal after a significant upward move. The price has been rejected at the 24h high of 0.1655, forming a potential bearish reversal pattern.

Entry: Sell at the current price of 0.1609.

TP1: 0.1577 (Previous Support)

TP2: 0.1532 (Next Support Level)

SL: 0.1655 (24h High)

Short Outlook of Market:

The price of RESOLV/USDT has shown a strong rally, but it is currently facing resistance at its recent peak. The rejection at the 24h high suggests a potential short-term pullback. A break below the 0.1609 level could confirm the bearish momentum and lead to further price declines towards the nearest support levels.

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