$VVV 🆘 3.3x Unusual Selling Volume on
$VVV , what just happened?
- This event looks like smart money distribution followed by panic selling. With strong bearish momentum and a big volume spike, the path of least resistance is lower for now.
- I expect price to attempt a relief bounce but face resistance around 13.964 USDT. If that zone rejects price with a bearish candlestick pattern or a lower high on a lower timeframe, a short entry is favored.
- Example short trade: Enter on a rejection at 13.964 USDT after a bearish engulfing or clear reversal on a 1-5m chart, take profit at 13.140 USDT, with additional targets at 12.801 and 12.531 USDT. Place stop-loss at the recent swing high above rejection.
- For confirmation, wait for: a spike into resistance, long upper wick, declining buy volume, or a lower high on the 1m or 5m chart, OR a clean break and retest of 13.503 USDT.
- Bias would shift only if price breaks above 13.964 USDT with strong bullish candles and closes above, potentially targeting the most recent high at 15.111 USDT. In that case, wait for a pullback to reclaimed support for a long setup.
📝 This is not investment advice, only an educational analysis based on the current chart structure and volume activity. Please use proper risk management and wait for real confirmation before entering any trade!
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