$VVV After falling back from the top, it has clearly become somewhat weak. The short-term moving averages have already started to turn downward, and the signs of a weakening market are quite clear.
$VVV - Empty
Trading framework:
Entry: 14.00 - 14.10
Stop Loss (SL): 14.30
Target 1 (TP1): 13.50
Target 2 (TP2): 13.00
Target 3 (TP3): 12.50
Core idea:
After the previous move that surged to the high, it couldn’t hold and immediately reversed downward. Now the price has broken below the short-term MA support, and the trading volume is also shrinking, indicating that the funds chasing the rally have basically withdrawn. There is already resistance near 14.3 above. As long as this level does not reclaim on increased volume, this kind of pullback after rejection is highly likely to, following momentum, press down to test how strongly the lower moving average holds. Compared with stubbornly waiting for a rebound, shorting at this point is more stable.
Click here to trade👇
$VVV - Empty
Trading framework:
Entry: 14.00 - 14.10
Stop Loss (SL): 14.30
Target 1 (TP1): 13.50
Target 2 (TP2): 13.00
Target 3 (TP3): 12.50
Core idea:
After the previous move that surged to the high, it couldn’t hold and immediately reversed downward. Now the price has broken below the short-term MA support, and the trading volume is also shrinking, indicating that the funds chasing the rally have basically withdrawn. There is already resistance near 14.3 above. As long as this level does not reclaim on increased volume, this kind of pullback after rejection is highly likely to, following momentum, press down to test how strongly the lower moving average holds. Compared with stubbornly waiting for a rebound, shorting at this point is more stable.
Click here to trade👇