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A rally driven by a wave of sentiment ultimately can’t be sustained. After the hype cools off, the price begins a pullback channel.
$RESOLV gained 110.56% in returns, while buy-side momentum gradually weakened, and a downward trend slowly began to emerge.
Positioning short orders at the high of 0.01996; the small rebound in the middle is only a temporary consolidation and repair.
The price falls to 0.01906, and the premium created by the earlier spike is being digested little by little.
After a round of sustained declines, the lower support range is getting closer and closer, and the room to keep dipping is already limited.
There’s no need to keep taking risks to bet on the remaining moves—take profit in a timely manner and hold on to the gains you’ve already secured.
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