Dip or trend break? $VVV is down about 8% in 24h, but the bigger picture is still up: +25% over 7 days and +75% over 30 days.
Price flushed from the 30.7 area to a low of 28.375 and is now bouncing near 29.15 on the 1H chart. Everything depends on that low. If buyers defend it, this can be a healthy dip. If it breaks, I'm out of the idea.
Long setup (only if 28.375 holds)
Entry: 28.60 – 29.30
SL: 28.10
TP1: 30.76
TP2: 32.10
TP3: 32.58
Invalidation: a 1H close below 28.10.
Dips inside a big trend can turn into a bigger drop, so keep size small and always use a stop-loss.
Long $VVV 👇
Price flushed from the 30.7 area to a low of 28.375 and is now bouncing near 29.15 on the 1H chart. Everything depends on that low. If buyers defend it, this can be a healthy dip. If it breaks, I'm out of the idea.
Long setup (only if 28.375 holds)
Entry: 28.60 – 29.30
SL: 28.10
TP1: 30.76
TP2: 32.10
TP3: 32.58
Invalidation: a 1H close below 28.10.
Dips inside a big trend can turn into a bigger drop, so keep size small and always use a stop-loss.
Long $VVV 👇
