$VVV Warning: AI Hype vs. On-Chain Reality! 📉🛑
Venice AI ($VVV) has surged over 130% in a week, but the momentum is hitting a wall as we witness a "Bull Trap" formation. While the social buzz is high, the technical indicators are screaming exhaustion.
Why I am Shorting $VVV Immediately:
Liquidation Grinder: The market clearing map shows a dense cluster of over 1,050,000 long positions between $2.55 and $3.05. These are now "meat on the chopping block" as the price struggles to stay above $3.40.
Fundamental Gaps: Despite the "AI+DeFi" narrative, analysts caution that the rally is socially fueled rather than driven by core product development or a functional test network.
Institutional Offloading: We are seeing a -20% decrease in price from 24 hours ago as large holders take profits into retail FOMO.
Trade Strategy:
Action: Market Order Short In! 📉
Target: Looking for a breakdown toward the $2.00 psychological support, or even down to $1.00 if the chain liquidation triggers.
Conviction: High (Added to short position as momentum stalls).
Risk Warning: $VVV is highly volatile due to its low circulating supply (~44M tokens). Use tight stops—this "dog farm" waves its sickle fast! DYOR.
Are you exit-liquidity or are you shorting the crash? Share your thoughts! 👇
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