Trading Plan Short $VVV
$VVV printed a distribution wick into the 1h upper Bollinger Band after a strong run.
Entry: $14.300-$14.700
Stoploss: $15.150
Targets: $13.500 / $12.500 / $11.500
VVV is heavily overbought on the 1H, with RSI at 74.8 and price stretched 11% above EMA50. The current pump is on expanding BB width (+28% in 10 candles), but taker sell volume ratio is 0.92, indicating sellers are stepping in. OI spiked 41% in 24h, suggesting late longs are piling into resistance. Top traders are net short, and the 1D trend remains sideways, ripe for a fade. Reclaim $15.150, short voided.
Trade $VVV here 👇
$VVV printed a distribution wick into the 1h upper Bollinger Band after a strong run.
Entry: $14.300-$14.700
Stoploss: $15.150
Targets: $13.500 / $12.500 / $11.500
VVV is heavily overbought on the 1H, with RSI at 74.8 and price stretched 11% above EMA50. The current pump is on expanding BB width (+28% in 10 candles), but taker sell volume ratio is 0.92, indicating sellers are stepping in. OI spiked 41% in 24h, suggesting late longs are piling into resistance. Top traders are net short, and the 1D trend remains sideways, ripe for a fade. Reclaim $15.150, short voided.
Trade $VVV here 👇