$VVV After this spike and pullback, I’m actually even more bullish.
The profit-taking around 17.8 has been shaken out, yet the price is still holding above $16, which suggests there are always people buying below.
As long as this 16–15.7 zone doesn’t break, even if it consolidates and changes hands a bit, I’m more expecting it to retest 17.8 next.
This kind of coin isn’t afraid of being shaken out;
what it fears is nobody stepping in. From what I’m seeing now, the support is still there.
The profit-taking around 17.8 has been shaken out, yet the price is still holding above $16, which suggests there are always people buying below.
As long as this 16–15.7 zone doesn’t break, even if it consolidates and changes hands a bit, I’m more expecting it to retest 17.8 next.
This kind of coin isn’t afraid of being shaken out;
what it fears is nobody stepping in. From what I’m seeing now, the support is still there.