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$RESOLV Today, it was forcibly pulled back from 0.0167 to 0.0218, like a roller coaster—last week’s gambling money is now enough for two hotpot meals. The 24-hour trading volume is $177 million, equivalent to everyone in a town betting on whether it will go to the sky or into the ground tonight.
Translation into plain language: This wave increased by 19%, but the highest was 0.028, then it pulled back, indicating someone was precisely dumping at 0.028. Now, 0.0218 is the meat grinder zone where bulls and bears are fighting it out; if you want to get in, wait for a dip around 0.019 to try a small position, with a stop loss at 0.016 if it breaks through. Take profit first at 0.025, don’t be greedy and turn pig’s feet rice into chicken leg.
I usually only deal with these kinds of oscillating and volatile targets; having seen many washout tricks by the big players, there are only a few ways to bottom fish or top escape. If you don’t understand, ask in the comments.