$VVV is trading beneath a well-defined 1H supply zone, with repeated failures to reclaim resistance keeping sellers in control. Until that changes, rallies continue to favor short setups.
$VVV - SHORT
Trade Plan:
* Entry: 11.58 - 11.59 (after bearish confirmation)
* SL: Above 11.77
* TP1: 11.26
* TP2: 11.10
* TP3: 10.55
* Extended Target: 10.31 if bearish momentum accelerates
Why this setup?
The current outlook is SHORT with 82% confidence. The 1H market structure remains bearish, with price repeatedly rejecting the 11.58 to 11.59 supply zone while momentum indicators continue to favor sellers. Rather than chasing weakness, the preferred approach is to wait for a relief rally into resistance or a confirmed breakdown below support.
The strongest confirmation signals include a bearish engulfing candle, rejection wick, lower timeframe break of market structure, or a break and successful retest below 11.25. These patterns indicate that sellers are defending resistance and increase the probability of continuation lower.
$VVV first downside objective is 11.26, followed by 11.10, where short-term buying interest may emerge. If bearish momentum remains intact, the move could extend toward 10.55, with 10.31 serving as the next major support and final downside objective. Scaling out at each target while trailing the remainder provides a disciplined way to manage the position.
$VVV - SHORT
Trade Plan:
* Entry: 11.58 - 11.59 (after bearish confirmation)
* SL: Above 11.77
* TP1: 11.26
* TP2: 11.10
* TP3: 10.55
* Extended Target: 10.31 if bearish momentum accelerates
Why this setup?
The current outlook is SHORT with 82% confidence. The 1H market structure remains bearish, with price repeatedly rejecting the 11.58 to 11.59 supply zone while momentum indicators continue to favor sellers. Rather than chasing weakness, the preferred approach is to wait for a relief rally into resistance or a confirmed breakdown below support.
The strongest confirmation signals include a bearish engulfing candle, rejection wick, lower timeframe break of market structure, or a break and successful retest below 11.25. These patterns indicate that sellers are defending resistance and increase the probability of continuation lower.
$VVV first downside objective is 11.26, followed by 11.10, where short-term buying interest may emerge. If bearish momentum remains intact, the move could extend toward 10.55, with 10.31 serving as the next major support and final downside objective. Scaling out at each target while trailing the remainder provides a disciplined way to manage the position.