$VVV My first instinct after seeing run was that 19.08 would be the thing worth watching. I changed my mind pretty quickly.
A +40.74% (24h) move is real, but it tells me nothing about whether the price can keep its ground. That part gets answered lower down.
The level I care about now is 17.81. Before I spend any more thought on 19.08, I want to see a pullback reach 17.81 and get met there — buyers stepping in on the retest, not just a candle that ran and left everything behind. If it holds, revisiting 19.08 makes sense as the next thing to watch, not as something I'm predicting.
So what I expect next is fairly simple: either price comes back to test 17.81, or it pushes toward 19.08 and fails there first.
If it loses 16.97, though, the whole continuation idea is finished for me and I stop looking upward entirely.
#Crypto #Retest
A +40.74% (24h) move is real, but it tells me nothing about whether the price can keep its ground. That part gets answered lower down.
The level I care about now is 17.81. Before I spend any more thought on 19.08, I want to see a pullback reach 17.81 and get met there — buyers stepping in on the retest, not just a candle that ran and left everything behind. If it holds, revisiting 19.08 makes sense as the next thing to watch, not as something I'm predicting.
So what I expect next is fairly simple: either price comes back to test 17.81, or it pushes toward 19.08 and fails there first.
If it loses 16.97, though, the whole continuation idea is finished for me and I stop looking upward entirely.
#Crypto #Retest
