$VVV Trade Plan 📉
🔻 Trade Setup: Entry: 6.90 – 7.00
Stop Loss: 7.75
Take Profit: 5.25
Confidence: 78%
📊 Analysis:
On the daily timeframe, price attempted a breakout above resistance but failed to sustain. This resulted in a clear rejection with a wick, indicating weak bullish continuation and strong selling pressure.
Currently, price is trading below the breakout zone, which turns the area into resistance again. From this region, a potential downside move is expected as the market may revisit lower support levels.
This setup provides a solid selling opportunity with a defined risk-to-reward ratio, targeting a move back toward support.
⚠️ Use proper risk management and adjust leverage according to your portfolio.
Follow for more upcoming opportunities. my ficus in $RIVER
