$RESOLV Short SetUp🛑
is currently in a "cooling off" phase after a parabolic move (+18.18% today). The Parabolic SAR has flipped above the price, and the MACD is showing consistent bearish momentum with expanding red histogram bars.
• Entry Trigger: Sell/Short on a 15m candle close below $0.08535. This level is the recent local "floor"; breaking it confirms that the current bounce has failed.
• Take Profit 1: $0.08000 (Psychological support and consolidation zone).
• Take Profit 2: $0.07251 (24h Low and major daily support).
• Stop Loss: $0.09150. This is placed above the recent lower high and the descending SAR dot resistance to protect against a sudden trend reversal.
Why Short?
• Parabolic SAR: Dots are currently at $0.08829, acting as a descending ceiling that is pushing price lower.
• MACD: The MACD line (-0.00086) is trending below the signal line, with the histogram showing sustained selling pressure.
• Sentiment: The order book is currently leaning bearish with 51.82% shorts, indicating that the majority of active traders are positioning for a further drop.
• Volatility Warning: Despite the current drop, RESOLV is still up 46.77% over the last 7 days, meaning high volatility and sudden "short squeezes" are possible.
Trade $RESOLV here👇🏻👇🏻
