Is $VVV close to another breakdown, or could buyers surprise the market?
The chart is still showing weakness. Price remains below EMA20, EMA50 and EMA200 on the 4H, 1H and 15M timeframes. Sellers have the bigger advantage for now.
But there's one level worth watching: 20.741.
A confirmed candle close below this support could open the door to further downside. If buyers defend it and reclaim the EMAs, a recovery might be possible.
Personally, I'd rather see confirmation than guess the next move.
What's your call on $VVV - breakdown or bounce?
#VVV #crypto #Binance
$ONE
The chart is still showing weakness. Price remains below EMA20, EMA50 and EMA200 on the 4H, 1H and 15M timeframes. Sellers have the bigger advantage for now.
But there's one level worth watching: 20.741.
A confirmed candle close below this support could open the door to further downside. If buyers defend it and reclaim the EMAs, a recovery might be possible.
Personally, I'd rather see confirmation than guess the next move.
What's your call on $VVV - breakdown or bounce?
#VVV #crypto #Binance
$ONE
