I’m watching $VVV closely as it shows strong bullish momentum after a recent 20% jump. Price has bounced cleanly off the 1.371 support zone and is now testing short-term resistance near 1.706. Buyers are clearly in control, and the structure is setting up for a continuation move. Volume is steady and healthy, which tells me the market is primed for a breakout if buyers maintain their pressure.
What excites me about this setup is how clean the support held and how price is compressing near resistance. This usually precedes a strong push upward once momentum confirms itself.
📊 TRADE SETUP (LONG)
Entry Zone
I’m looking to buy between 1.695 – 1.700, right around the breakout area.
Target Points
• TP1: 1.780
• TP2: 1.850
Stop Loss
• 1.620, below key support to protect capital.
🔍 WHY THIS SETUP WORKS
I’m taking this trade because $VVV has clear structural support and buyers are stepping in decisively. Price is testing resistance after a strong bounce, and momentum favors continuation. When a market compresses near resistance with steady volume, the probability of a breakout is high.
Support is clearly defined, risk is manageable, and upside is substantial if momentum holds. If price breaks above 1.706, continuation toward higher targets becomes likely. If not, the stop keeps losses contained.
Clean structure, active buyers, and a well-defined plan make this setup straightforward and actionable. 💪
#BTC90kChristmas #BTCVSGOLD #CPIWatch #USJobsData #WriteToEarnUpgrade