$RESOLV USDT Breakdown – Bears Taking Control? | Key Levels to Watch
RESOLVUSDT SELL executed at 0.0676385 — market structure is clearly showing pressure on the downside. Let’s break it down professionally.
Technical Analysis
Resistance Levels:
0.0695 – 0.0700 (Strong intraday resistance zone)
0.0720 (Previous rejection area)
Support Levels:
0.0655 (Immediate short-term support)
0.0630 (Major demand zone)
0.0600 (Psychological support)
Price action shows lower highs and lower lows, which indicates a short-term bearish structure.
RSI:
RSI is trending below 50, indicating bearish momentum. Oversold zone ke kareeb hai but abhi strong reversal signal confirm nahi hua.
MACD:
MACD showing bearish crossover with increasing red histogram bars — momentum sellers ke favor mein hai.
Moving Averages:
Price is trading below short-term MAs, which confirms weakness. Jab tak price reclaim nahi karta, bullish confirmation weak rahegi.
Market Sentiment
Current sentiment is Bearish.
Market mein selling pressure visible hai aur bulls abhi defensive mode mein lag rahe hain. Volume bhi downside pe stronger appear ho raha hai.
Strategy
Conservative traders ke liye best approach: Wait for retest.
Aggressive traders:
Short entries near resistance 0.0690–0.0700 zone.
Target zones: 0.0655 then 0.0630.
Stop-loss above 0.0720.
Agar price 0.0700 ke upar strong close de deta hai, tab structure shift ho sakta hai and better to exit shorts.
Recommendation: Trade only on confirmation. Otherwise, Wait.
What do you think — will RESOLV bounce from 0.065 support or break down toward 0.060 next?
Not Financial Advice (NFA). Always manage your risk and trade responsibly.
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