$SOLV: Strong Pump, Now Is It a Pullback Buy? 🚀
SOLV is trading at 0.005503, up about 9% in the last 24 hours, with a high of 0.005739 and a low of 0.004998. On the 15m chart, price climbed steadily from 0.005141 and then spiked on heavy volume. The spike hit 0.005739 and was rejected, leaving a long upper wick and a red candle. This is a classic cooling-off after a fast pump. Price is still above the MA7 (0.005471), MA25 (0.005339) and MA99 (0.005187), so the short-term trend stays bullish.
Key levels
Support: 0.005374, 0.005243 and 0.005141
Resistance: 0.005637 and 0.005739
Trade plan
Entry 1 (safer): wait for a pullback to 0.005370–0.005450, near the MA7 and MA25
Entry 2 (breakout): buy only if a 15m candle closes above 0.005640 with strong volume
Targets: TP1 0.005637, TP2 0.005739 (the recent high)
Stop loss: below 0.005240, since losing the MA25 and support weakens the setup
Don’t chase the green candle after a spike, because volume is already fading from the peak. SOLV is also down about 72% over the past year, so the bigger trend is weak. Keep
your position small and take partial profits at TP1.
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