$RESOLV LVJUS BLEW OFF THE TOP NOW
HE HUNT BEGINS
$RESOLV delivered a textbook impulsive rally, exploding from 0.066 straight into 0.115 with pure vertical momentum. This was not organic growth this was expansion fueled by FOMO. And what comes after expansion? Exhaustion.
At 0.114–0.115, price slammed into a heavy supply wall. Seller didn’t hesitate. Aggressive rejection. Momentum died instantly. That was the smart money distributing into late longs.
Since the rejection, price failed to hold the 0.106–0.108 zone, flipping former support into resistance. That’s your confirmation. Bulls lost control short term.
Right now, price is trading below the rejection zone, which means:
pside momentum is capped
y bounce is suspect
Relief pumps are selling opportunities
There is no fresh catalyst. No continuation fuel. The recent pump was emotion-driven, and late longs are trapped. This is where markets punish impatience.
Market Structure Bias As long as 0.108 is not reclaimed and held, the path of least resistance is down. Expect acooldown move into prior demand before any healthy attempt higher.
