$RESOLV /USDT Technical Analysis – Continuation of the Bullish Breakout
$RESOLV /USDT showed strong bullish momentum after a decisive surge from the demand zone, forming higher highs and higher lows. The price action has surpassed the main resistance area with an increase in volume, confirming buyer dominance. The structure indicates strength in continuation as pullbacks are quickly absorbed, suggesting accumulation rather than distribution. The indicators suggest an expanding trend with volatility favoring the continuation of the bullish trend.
Trading Plan (Long Setup):
Entry Area: Pullback near the previous breakout support
Target 1: Short-term resistance area
Target 2: Upper supply area aligned with recent swing highs
Target 3: Extension target based on continued momentum
Stop Loss: Below the invalidation level under the last higher low
Market Outlook:
As long as the price maintains the breakout support level and retains the bullish structure, the likelihood leans towards further bullish expansion. A drop below support will invalidate the setup and shift the bias to neutral.
Risk Management:
Risk only a small portion of capital per trade, use a fixed stop loss, and trail profits after reaching the first target to protect gains.
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$RESOLV RESOLVUSDT
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