$VVV | Bullish Momentum Testing Local Resistance
$VVV is showing high-velocity strength on the 1h chart, currently trading at $4.161 (+33.02%) after a massive rally from the $3.068 low [1, 5]. The price has decisively flipped the Supertrend (10,3) to bullish at $3.584, which now acts as a primary structural floor [2, 10]. While we are seeing a minor cooling off from the $4.575 local peak, the higher-low structure remains intact [1, 9].
Execution Zone (Long): $3.950 – $4.150
Target I: $4.575 (Recent High) [1, 9]
Target II: $4.850
Target III: $5.200+ (Psychological Discovery)
Invalidation: $3.580 (Supertrend Support) [2, 10]
The technical bias is bullish as long as the price stays above the $3.58 level. With the RSI(6) at 51.47, the market has successfully reset from overbought conditions, creating room for a secondary leg up [14, 16]. A clean 1h close above $4.25 likely triggers a retest of the $4.57 high and a push into new price discovery zones.
