【$RESOLV Signal】Long + 1H level explosive volume breakout, main force short squeeze in progress

$RESOLV The 1H level has just completed an epic volume breakout, with a single candle increase of over 20%, and the price has hit a recent new high. The 4H level has also strongly broken through a month-long consolidation range with a giant bullish candle, indicating a strong trend reversal signal. Currently, the price is consolidating at a high after the breakout, which is a typical strong correction, preparing for the next upward move.
🎯 Direction: Long (pullback to add)
⚡ Entry/Order: 0.0762 - 0.0780
🛑 Stop Loss: 0.0720
🚀 Target 1: 0.0880
🚀 Target 2: 0.0980
🛡️ Trading Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining position's stop loss up to the entry price. If the price strongly breaks through 0.0980, move the remaining stop loss to hold and aim for greater gains.
Depth Logic: This is a typical capital-driven breakout. The key point is that while the price surged 45%, the open interest remained stable, which strongly suggests that this is not just a short squeeze caused by bearish pressure, but that new bullish capital is entering strongly and locking in positions. Market depth data shows that although the current buy and sell orders are slightly imbalanced, there is dense buy order support below, forming the first line of defense around 0.0950. The 1-hour RSI is high, but in a strong trend, it does not signal an immediate reversal; instead, it is more likely to digest gains through sideways movement or small pullbacks. The negative funding rate further increases the holding cost for shorts, fueling the potential short squeeze. It is recommended to patiently wait for the price to retrace to the first support zone after the breakout (the suggested entry zone) for positioning.
View real-time market 👇 $RESOLV
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