$VIC (Viction) has taken a brutal hit today, dropping over 22% and hitting a low of $0.0383. While panic sellers are dumping their bags, smart traders are looking for the ultimate reversal zone.
📐 Trade Plan:
Entry: 0.0383 – 0.0407
SL: 0.0372 (Below Low)
TP1: 0.0439 (Resistance)
TP2: 0.0465
TP3: 0.0511
Let's look at the purely technical structural reality right now on the 1H chart.
📉 THE BEARISH MOMENTUM:
The SuperTrend is completely bearish on the hourly timeframe with a strong overhead resistance sitting at $0.0439 - $0.0450. Until we break and close above this zone, the bears remain in total control.
🛡️ THE SUPPORT ZONE (Where to Accumulate?):
Major Demand Zone: $0.0380 - $0.0395 (Strong historical wick support area).
If the price holds this $0.0383 low on a retest, we can expect a solid technical bounce back towards the EMA targets.
⚠️ TRADING STRATEGY:
Do NOT rush blindly into catching a falling knife. Wait for the market to print a clear double-bottom or bullish engulfing structure near the $0.0385 zone before looking for long setups.
What is your plan for $VIC?
1️⃣ Buying the dip right now!
2️⃣ Waiting for a lower drop.
3️⃣ Stuck at the top, waiting for a recovery.
Drop your choice in the comments! 👇
#VIC #CryptoAnalysi #TechnicalAnalysis #TradingStrateg #BinanceSquare
