【$RESOLV Signal】Long - Confirmation of pullback after strong breakout on 1H timeframe

$RESOLV The 1H timeframe is currently in a high-level consolidation after a massive rally, with strong momentum. The 4H timeframe has formed a large bullish candle breaking through the long-term consolidation zone, establishing the trend. Although the current price is far from the short-term moving averages, the open interest remains stable, and the funding rate is negative, indicating potential short squeeze. Market depth shows substantial buy orders, with clear intent from major players to defend the price.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.0826 - 0.0845

🛑Stop Loss: 0.0780

🚀Target 1: 0.0950

🚀Target 2: 0.1020

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Trail the remaining position with a take profit, and exit all if the price falls below the 1-hour EMA20 support.

Order Book Logic: The trading volume in the past 4 hours has exploded, with the price soaring over 30%, which is a typical signal of major capital entering the market. Although the 1-hour RSI indicates overbought conditions, open interest has not decreased with the price increase, suggesting that long positions are solid and shorts face squeeze risk. The order book shows dense buy orders, forming a support wall around 0.093. It is recommended to wait for the price to pull back to an optimal entry zone, which offers a better risk-reward ratio.

View real-time market 👇 $RESOLV

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