🔥 RESOLV/USDT: EMA Compression Before the Impulse — Getting Ready for Movement
After the impulsive rise, the price entered a correction phase towards the zone of all EMAs. The moving averages are compressed, indicating accumulation and preparation for a breakout from the range. We are at a decision point — either a bounce is forming with a continuation of growth, or a deeper correction will follow.
🚨 Indicators (briefly):
RSI (14): 48 — neutral, there is room for growth.
Stochastic: 20/24 — oversold zone, a reversal is possible.
MACD: weak negative, bearish momentum is fading.
Trading Plan
Main Scenario: LONG upon confirmation of support holding.
Conservative Entry: 0.0640 (after establishing above local resistance).
Aggressive Entry: 0.0630 (upon confirmation of a bounce from EMA).
Targets (from 0.0640):
1️⃣ 0.0665 — +3.9%
2️⃣ 0.0675 — +5.5%
3️⃣ 0.0690 — +7.8%
⛔️ Stop-Loss: 0.0599 (beyond key support).
The risk/reward ratio remains attractive when trading based on confirmation. Monitor position size and respond to establishment above the nearest resistances — this will be the trigger for acceleration.
Trading 👉$RESOLV
