๐
TOO HIGH TO FLY: $RESOLV HITS THE CEILING ๐
๐ CLICK ON $RESOLV TO SHORT THE SPIKE
โ ๏ธ SANTA'S DIAGNOSIS:
Overheated Sleigh.
RESOLV just printed a massive vertical green candle straight into the Blue Supply Zone (~0.07700). This is what the Elves call a "Naughty Spike".
The Ceiling: The price hit the blue box and instantly started printing red candles. The sellers are waiting here.
Overbought Radar: The RSI is scorching hot at 74.59. The market is exhausted and needs to come back down to earth to refuel. ๐ดโ๏ธ
๐ WORKSHOP DATA ($RESOLV):
๐ด DIRECTION: SHORT (Fade the Vertical Move).
๐งฑ ENTRY ZONE: 0.07680 - 0.07710 (Sell inside the blue box).
๐ฏ OFFICIAL TARGETS:
โ
TP1: 0.07641 (Immediate Pullback / Wick Fill).
โ
TP2: 0.07560 (Mid-Range Correction).
๐ TARGET: 0.07440 (Base of the Pump / Full Reset).
๐ STOP LOSS:
SL: 0.08076
THE WORKSHOP ANALYSIS:
Rejection Zone: Look at the chart. The blue box at the top is the "No Fly Zone". The price is struggling to close above it, signaling distribution.
Gravity: Parabolic moves (vertical lines) are unstable. The gap between the price and the supports is too wide. We bet on gravity.
๐ Fading the pump? Click on $RESOLV
