$VVV DOWN 4% IN 24H, BUT BULLISH DIVERGENCE AGAINST BTC SIGNALS A POTENTIAL REVERSAL
Is $VVV preparing for a recovery, or is this just another temporary bounce in a broader downtrend?
My current bias remains bearish on VVVUSDT.P because the 1H market structure continues to form lower highs and lower lows. However, a fresh 4H bullish divergence against BTC is worth watching closely. While VVV is making lower lows against USDT, it is forming higher lows against BTC, suggesting improving relative strength.
Key Technical Levels:
- 20.376: Last confirmed 1H swing low and critical support.
- 20.183: Additional downside liquidity level.
- 20.971: First resistance and potential recovery target.
- 21.801–21.853: Major resistance and 1H structure-flip zone.
- 22.55: Next upside target after a confirmed breakout.
- 23.27: Extended bullish target if momentum accelerates.
- 19.925: Deeper downside level to monitor if support fails.
My Trading Strategy:
I am watching the 20.20–20.40 zone for a possible liquidity sweep followed by a strong reclaim. A bullish engulfing candle, sharp wick rejection, or lower-timeframe market structure shift could provide confirmation for a counter-trend long.
Initial targets would be 20.97 and 21.80, followed by 22.55 and 23.27 if buyers gain momentum.
However, I will not blindly buy into falling prices. A 1H close below 20.376 would invalidate this particular long setup, while losing 19.925 would increase downside risk.
A confirmed 1H close above 21.853 would be a stronger signal that the short-term trend is turning bullish.
Derivatives Flow Snapshot:
- Open Interest: $21.7M (+0.3% in 24H)
- Funding Rate: +0.0050%
- Taker Buy/Sell Ratio: 0.77x
The taker ratio below 1 indicates seller-dominant market flow. Buyers need to step in with stronger volume before the bullish divergence can translate into a meaningful reversal.
Final Verdict: VVV is still technically bearish, but its relative strength against BTC makes this chart interesting
Not investment advice.
#VVV #CryptoTrading #Bitcoin
Is $VVV preparing for a recovery, or is this just another temporary bounce in a broader downtrend?
My current bias remains bearish on VVVUSDT.P because the 1H market structure continues to form lower highs and lower lows. However, a fresh 4H bullish divergence against BTC is worth watching closely. While VVV is making lower lows against USDT, it is forming higher lows against BTC, suggesting improving relative strength.
Key Technical Levels:
- 20.376: Last confirmed 1H swing low and critical support.
- 20.183: Additional downside liquidity level.
- 20.971: First resistance and potential recovery target.
- 21.801–21.853: Major resistance and 1H structure-flip zone.
- 22.55: Next upside target after a confirmed breakout.
- 23.27: Extended bullish target if momentum accelerates.
- 19.925: Deeper downside level to monitor if support fails.
My Trading Strategy:
I am watching the 20.20–20.40 zone for a possible liquidity sweep followed by a strong reclaim. A bullish engulfing candle, sharp wick rejection, or lower-timeframe market structure shift could provide confirmation for a counter-trend long.
Initial targets would be 20.97 and 21.80, followed by 22.55 and 23.27 if buyers gain momentum.
However, I will not blindly buy into falling prices. A 1H close below 20.376 would invalidate this particular long setup, while losing 19.925 would increase downside risk.
A confirmed 1H close above 21.853 would be a stronger signal that the short-term trend is turning bullish.
Derivatives Flow Snapshot:
- Open Interest: $21.7M (+0.3% in 24H)
- Funding Rate: +0.0050%
- Taker Buy/Sell Ratio: 0.77x
The taker ratio below 1 indicates seller-dominant market flow. Buyers need to step in with stronger volume before the bullish divergence can translate into a meaningful reversal.
Final Verdict: VVV is still technically bearish, but its relative strength against BTC makes this chart interesting
Not investment advice.
#VVV #CryptoTrading #Bitcoin