๐ $RESOLV Update: Closing Position Early & Prioritizing Capital Preservation
The price action for $RESOLV is no longer showing the clean structural strength required to maintain a bullish bias. While we are seeing upward pushes, the lack of price acceptance at higher levels is a significant red flag.
Why Iโm Stepping Aside:
Fading Momentum: Each attempt to break higher is met with decreasing strength. In a healthy trend, you want to see aggressive buying at these levels; instead, we are seeing exhaustion.
Structural Degradation: The technical setup is becoming "muddy." When the structure loses its integrity, the probability of a sharp reversal increases.
Risk vs. Reward: At this stage, the upside potential is outweighed by the risk of a "fragile move" failing.
The Bottom Line:
I am locking in profits and moving to the sidelines. Trading is not about catching every single pip; itโs about discipline over hope. When the market stops providing clear signals, capital protection becomes the only priority.
No need to be a hero. Stay disciplined.
#RESOLV #RiskManagement #TradingStrategy #CryptoDecision #ProfitTaking
$RESOLV trade here ๐
