$RESOLV Breakdown Risk Rising Key Support Will Decide the Next Move
$RESOLV has stalled after its breakout and is now testing a crucial support area. Multiple rejections near resistance show bullish momentum is fading, and a loss of support could trigger a sharp correction toward the lower demand zone.
I am using this trade plan: Short
Entry: 0.01740 – 0.01760
Stop Loss: 0.01810
Target 1: 0.01680
Target 2: 0.01610
Target 3: 0.01530
The recent price action suggests sellers are gaining control after repeated failed attempts to push higher. A confirmed break below the current support would strengthen the bearish outlook and increase the probability of a move toward the marked demand zone.
#Resolv #ResolvToken #market_tips
$RESOLV has stalled after its breakout and is now testing a crucial support area. Multiple rejections near resistance show bullish momentum is fading, and a loss of support could trigger a sharp correction toward the lower demand zone.
I am using this trade plan: Short
Entry: 0.01740 – 0.01760
Stop Loss: 0.01810
Target 1: 0.01680
Target 2: 0.01610
Target 3: 0.01530
The recent price action suggests sellers are gaining control after repeated failed attempts to push higher. A confirmed break below the current support would strengthen the bearish outlook and increase the probability of a move toward the marked demand zone.
#Resolv #ResolvToken #market_tips