$VVV — 1H Chart Read 📊

VVV is sitting at an interesting spot, but the 1H structure is still leaning bearish. The rejection from $23.39 was sharp, and the price is now back below the Supertrend at $23.37.

What I like here is that the chart gives a pretty clear invalidation level. No need to force a trade in the middle.

Key levels

Resistance: $22.53 → $23.00

Major resistance / Supertrend: $23.37

Support: $21.56

Major support: $21.23

Swing low: $21.18

Short setup

Entry: $22.45–$22.65 on rejection
SL: $23.05
TP1: $21.85
TP2: $21.56
TP3: $21.23

I’d rather wait for a retest of $22.5–$22.6 and rejection than short directly at $22.18.

The order book is also currently tilted toward sellers, around 68% asks vs 32% bids, which supports the short-term bearish bias.

That said, VVV has been extremely volatile recently, with large intraday ranges and heavy trading activity, so position sizing matters here.

Bullish flip: A clean 1H reclaim and hold above $23.37 would change the setup completely, opening the door toward $24.0–$24.6.

Bias: Bearish below $23.37. Better short on rejection, not at market.

#vvv