$VVV This recent 30-minute trading volume spiked by 114%, indicating that short-term funds are becoming noticeably active. The current price is around 15.505, which is close to the 1-hour key support at 15.501.
This increase in volume near support levels often leads to a bounce as traders look to capitalize on the dip; as long as support holds, there’s still a chance to go long in the short term.
My strategy is to watch for a dip-buying opportunity near 15.501, placing limit orders to catch a more stable retracement.
On the upside, I’m eyeing 16.32 as the short-term resistance level; whether we can break through depends on whether the volume can keep up afterwards.
$VVV
This increase in volume near support levels often leads to a bounce as traders look to capitalize on the dip; as long as support holds, there’s still a chance to go long in the short term.
My strategy is to watch for a dip-buying opportunity near 15.501, placing limit orders to catch a more stable retracement.
On the upside, I’m eyeing 16.32 as the short-term resistance level; whether we can break through depends on whether the volume can keep up afterwards.
$VVV