$RESOLV just got flushed, and that’s exactly why it’s on my radar.
Down 25.05% in 24h to $0.0194, with $4.35M volume. The ugly part is the 4h hit: -21.8%. But volume is only 0.1x its 20d average, while price is still above the 20d and 50d MAs.
That divergence matters.
RSI(14) on 4h is 48, not capitulation, and funding is +0.005%, so longs are still paying while price bleeds. That’s where weak hands get shaken, not where I start chasing candles.
$ETH strength would help, but RESOLV has its own setup here. At $0.020, I’d watch the reaction and only respect a clean reclaim. If it loses that area, I’m staying out and waiting for structure. 👀⚡
#RESOLV
#Altcoin
Down 25.05% in 24h to $0.0194, with $4.35M volume. The ugly part is the 4h hit: -21.8%. But volume is only 0.1x its 20d average, while price is still above the 20d and 50d MAs.
That divergence matters.
RSI(14) on 4h is 48, not capitulation, and funding is +0.005%, so longs are still paying while price bleeds. That’s where weak hands get shaken, not where I start chasing candles.
$ETH strength would help, but RESOLV has its own setup here. At $0.020, I’d watch the reaction and only respect a clean reclaim. If it loses that area, I’m staying out and waiting for structure. 👀⚡
#RESOLV
#Altcoin