$RESOLV #AaveSwapIncident Market Structure:
Price is in a short-term downtrend following a steady corrective phase, but momentum is beginning to slow as the market approaches a strong support zone. Selling pressure is weakening, suggesting the potential for a stabilization phase and a bullish relief bounce.
Price Action:
A clear reaction from the 0.0708 support area indicates buyers are stepping in. Current candles show consolidation with smaller bodies, signaling exhaustion from sellers. A reclaim of nearby resistance could initiate a higher-low formation and trigger upward momentum.
Trade Setup (Long):
Entry Zone: 0.0708 – 0.0720
Targets:
• 0.0745
• 0.0790
• 0.0840
Stop Loss:
0.0689
Holding the current demand zone could fuel a short-term reversal, opening the door for a momentum recovery toward higher resistance levels. 🚀
#AaveSwapIncident #AaveSwapIncident