$VIC faced rejection near the .0629 resistance zone, but buyers quickly defended the .0511 support area and pushed price back into continuation mode on the 1H chart. The recovery still looks strong after the +15.09% move, with bulls continuing to hold higher levels despite the earlier rejection.
Setup:
• Entry: .0590 – .0602
• Target 1: .0630
• Target 2: .0675
• Target 3: .0720
• Stop-loss: .0558
RSI around 84.8 shows momentum is running very hot after the strong resurgence move. Even so, buyers are still controlling the structure for now, and if price reclaims resistance cleanly, another continuation push could build quickly.
Trade #VIC here
VIC
0.04
-3.84%