VVVUSDT – Patience is Expensive, Shorting Shouldn't Be Reckless
Structure on the 1H is becoming clearer.
The price has risen parabolically from 1.7 ➝ 4.6, but is now beginning to be held back in a strong supply area of 4.1–4.2.
🔴 Lower high is starting to form
🔴 Repeated rejection at the upper trendline
🔴 Volume is starting to weaken as it rises
As long as VVV fails to reclaim and close strongly above 4.20, the potential for correction remains.
Personally, I am more interested in waiting for a confirmation of a breakdown of the ascending trendline + failed retest, rather than entering recklessly.
A logical target is in the area of 3.5 – 3.6
It's invalid if there is a clean breakout and it holds above resistance.
Remember, the market is never wrong. What is usually wrong is our ego.
Trade with a scenario, not with hope.
If this analysis helps, feel free to tip to support research 🙌
#VVVshort #VVVUSDT #futures #BinanceSquare #cryptoeducation
Structure on the 1H is becoming clearer.
The price has risen parabolically from 1.7 ➝ 4.6, but is now beginning to be held back in a strong supply area of 4.1–4.2.
🔴 Lower high is starting to form
🔴 Repeated rejection at the upper trendline
🔴 Volume is starting to weaken as it rises
As long as VVV fails to reclaim and close strongly above 4.20, the potential for correction remains.
Personally, I am more interested in waiting for a confirmation of a breakdown of the ascending trendline + failed retest, rather than entering recklessly.
A logical target is in the area of 3.5 – 3.6
It's invalid if there is a clean breakout and it holds above resistance.
Remember, the market is never wrong. What is usually wrong is our ego.
Trade with a scenario, not with hope.
If this analysis helps, feel free to tip to support research 🙌
#VVVshort #VVVUSDT #futures #BinanceSquare #cryptoeducation