$RESOLV: Bullish Signs Emerging 🚀

Price has been consolidating sideways with a positive tilt, following a solid bounce from recent lows. This suggests underlying strength after a period of indecision.

Volume has seen a healthy pick-up on green candles, with over 537M in the last 24 hours, indicating real buyer interest. A massive 4.26B candle a few days ago established strong support around 0.072, a significant footprint.

Flows present a mixed but potentially bullish picture. The contract side is still bleeding (-5.65M in 24h), suggesting leveraged traders remain cautious or short. However, spot inflows are positive (+483K), indicating quiet accumulation by retail/spot holders. Short-term flows (5m/15m) are also improving.

Key price action observations:
* A double bottom pattern appears to be forming near 0.0705 (24h low).
* Recent price action shows rejection wicks around the 0.072–0.073 area.
* Price recently broke above upper channel resistance at 0.078.

My play on $RESOLV: Cautiously initiating a long position. This setup appears to be a potential momentum reversal.

Entry: Taking a small position around 0.0803. I plan to add more if it retests 0.0772 (MA20 support). For confirmation, wait for a clean break above 0.0823 (24h high).

SL: Set at 0.0775. This is strategically placed just below MA20 and the recent consolidation low, protecting the trade if the setup fails.

Targets:
* First TP: 0.0901 (Upper Bollinger Band)
* Next TP: 0.1035 (Resistance Level)

🚨 Important Note: This trade is contra-trend on longer timeframes, implying higher risk. Manage position size carefully and monitor Bitcoin dominance.

What's your outlook on $RESOLV? Are you seeing similar patterns, or awaiting further confirmation? Share your thoughts! 💬

#Resolv #RESOLVUSDT #CryptoTrading #TechnicalAnalysis