$RESOLV buyers losing short term control after that big fast rally got tired
trade plan: short $RESOLV
entry: 0.0895 - 0.0915
stop loss: 0.0948
targets
tp1: 0.0865
tp2: 0.0835
tp3: 0.0795 and above
move sl to entry after tp1
resolv make a very fast pump up to 0.097 area but then momentum just die out. recent candles looking like distribution because it fail to stay above ema lines again and again. the last drop break below short term ema lines which show demand is getting very weak now. chart structure is changing from pumping to making a correction down. if price dont cross and hold above 0.0948 then we will see more drop toward lower liquidity zones.
risk max 1-2
click 👇and short $RESOLV
RESOLVUSDT
Perp
0.08843
+20.92%