📉 $VVV USDT | PEAK REJECTION & MEAN REVERSION [SHORT] ⬇️
The VVV chart is signaling a failure to continue its rally! After pushing to the local high of 1.184, the price has reversed and is currently trading below the EMA(7) at 1.114. This immediate failure to hold the high suggests that buying pressure has exhausted and a correction back to the mean is imminent.
What the Chart is Telling Us:
High-Level Rejection: The price has reversed from 1.184 and has confirmed weakness by trading below the EMA(7).
MACD Bearish Crossover: The MACD lines (DIF: 0.019 vs DEA: 0.023) are high, and the DIF line has crossed below the DEA line, resulting in a bearish MACD reading of -0.004. This confirms that the upside momentum has failed.
First Target: The correction is likely to quickly snap back down to the EMA(25), which is the next major support.
My No-Bullshit Trading Thesis (SHORT Bias):
Entry Zone: This is a mean-reversion entry: Initiate a position near the current Mark Price around 1.115.
Critical Stop: Place your stop loss just above the recent high at 1.184. A clean close above this level invalidates the short idea and suggests a new breakout to the upside.
Targets:
Target 1: The push to the main short-term support, the EMA(25) at 1.092.
Target 2: A break of the EMA(25) opens the path to the major trend line, the EMA(99) at 1.081.
Target 3 (Optional): The full mean-reversion target is the local swing low near 0.916 if the sell-off intensifies.
⚠️ VVVUSDT is showing peak rejection and a bearish MACD crossover. Shorting the mean reversion is the trade, but use tight risk management!
How low will VVVUSDT drop on this correction? Drop your price! 👇
