Critical analysis $VVV .. Are we breaking the 4.200 barrier or is the countdown to correction starting? 📉🚀
After the rocket rise that the VVV currency has seen, exceeding 32%, we are now at a pivotal point on the chart (4-hour frame). Here’s what’s happening behind the scenes:
1. Resistance and support areas:
Strong resistance: the price is struggling to break the 4.195 level. Staying above this level means targeting areas of 4.500 and testing new peaks.
Golden support: in case of profit-taking, we monitor the 3.680 level as the first potential rebound point.
2. SAR indicator and momentum:
SAR indicator points are still below the candles, indicating continued buying strength so far, but caution is needed from "whale trap" at these peaks.
3. Suggested trading strategy:
For scalpers: monitor the break of the 3.900 level; breaking it downwards may open the door for a quick short trade.
For investors: wait until the price stabilizes above the resistance or returns to strong support areas.
My question to you: do you think the current momentum is enough to reach 5 dollars? Or will we see a close "liquidation" of open positions? 📉🤔
Share your analysis in the comments for everyone's benefit! 👇
#VVV #Binance #TechnicalAnalysis #kaderMan #BTC
After the rocket rise that the VVV currency has seen, exceeding 32%, we are now at a pivotal point on the chart (4-hour frame). Here’s what’s happening behind the scenes:
1. Resistance and support areas:
Strong resistance: the price is struggling to break the 4.195 level. Staying above this level means targeting areas of 4.500 and testing new peaks.
Golden support: in case of profit-taking, we monitor the 3.680 level as the first potential rebound point.
2. SAR indicator and momentum:
SAR indicator points are still below the candles, indicating continued buying strength so far, but caution is needed from "whale trap" at these peaks.
3. Suggested trading strategy:
For scalpers: monitor the break of the 3.900 level; breaking it downwards may open the door for a quick short trade.
For investors: wait until the price stabilizes above the resistance or returns to strong support areas.
My question to you: do you think the current momentum is enough to reach 5 dollars? Or will we see a close "liquidation" of open positions? 📉🤔
Share your analysis in the comments for everyone's benefit! 👇
#VVV #Binance #TechnicalAnalysis #kaderMan #BTC