🚀 $RESOLV – LONG Setup (1W)
Current Price: 0.065
Timeframe: Weekly
After a prolonged downtrend from 0.41 → 0.019, price appears to be stabilizing and forming a potential accumulation base around the 0.05–0.06 zone.
RSI is no longer oversold and structure suggests compression before expansion.
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📊 Market Structure
• Strong historical bounce from 0.019 macro low
• Sideways accumulation between 0.05 – 0.08
• RSI(6/12/24) stabilizing around 40 (bear momentum weakening)
• Volume drying up = volatility compression phase
This looks like a base-building structure after heavy distribution.
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🎯 LONG Trade Plan
🔹 Entry Zone: 0.060 – 0.066
🔹 Stop Loss: 0.049 (below range support)
Take Profit Targets:
• TP1: 0.085
• TP2: 0.115
• TP3: 0.170
• TP4 (swing target): 0.25
Risk/Reward ≈ 1:3 – 1:5 depending on target selection.
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🧠 Why Long?
• Weekly selling pressure fading
• RSI reset from oversold levels
• Accumulation range after 80%+ correction
• Compression → expansion setup
When volatility contracts, expansion usually follows.
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📌 Position Strategy
✔ Already holding near bottom?
Take partial at TP1 and trail stop to breakeven.
✔ New entry?
Wait for slight pullback to 0.060 area for better R:R. Avoid chasing green weekly candle.
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⚠️ Invalidation: Weekly close below 0.049.
Manage risk. Protect capital first.
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