$VVV ❌ 2.9x Unusual Selling Volume on
$VVV , what just happened?
- The powerful volume spike and rapid dump are more likely to be distribution/liquidity sweep by smart money than just retail panic, especially with how price sliced through multiple supports and left inefficiencies behind
- Expectation is for volatility to remain high — price may bounce intraday to retest previous supports as resistance (watch 12.634 and 13.025 closely), then likely face renewed selling pressure
- Trade setup: If price retests the 12.634–13.025 zone and shows clear rejection (such as a bearish pin bar, supply absorption, or lower-high structure on the 5m/1m), consider short entries
- Entry: 12.63–13.02 retest and rejection with confirmation
- Take profit: 12.19 first target, then 12.01/11.83 extension if selling resumes
- Stop-loss: Should be placed above the swing high of the rejection candle or above 13.05 to avoid false breakouts
- Wait for confirmation like a pin bar, bearish engulfing, or rejection on lower timeframes before entering — do not short blindly into the lows!
- If price quickly reclaims 13.025 and holds above, this would invalidate the bearish bias and could set up a reversal trade toward 13.64 or even 14.19, so keep bias flexible and react to price action
📝 This is not investment advice, just an educational analysis. Right now, the probability favors additional downside or at least a retest of lower levels after any weak bounce, but always wait for confirmation and be ready to flip bias if the order flow changes!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#VVV