📉 $VVV
Momentum Stalling – The Short Setup
$VVV is currently leaning under a fresh overhead cap after its recent run. The upward momentum has hit a wall, and the "room" for further expansion is closing fast.
After tagging the upper resistance, price action has turned into a choppy grind. We are seeing constant upper wicks flashing—every push higher is met with immediate selling pressure. Volume is present on the attempts, but it’s being absorbed rather than driving price higher. The rotation is thickening, signaling a potential reversal.
🛠 Trading Plan (Short)
Entry Zone: $3.72 – $3.76
Take Profit (TP): $3.46 — $3.10
Stop Loss (SL): $4.03
🔍 Market Logic
The Trap: Price ran hard but stalled at the "upper strip."
Absorption: Buying volume is getting soaked up without follow-through.
Invalidation: If the price steps back above the cap and holds without a "snap back," the thesis is wrong. I will exit immediately on a clean hold above the ceiling.
Currently short and holding. Risk is on. I am not adding while it grinds here—waiting for the breakdown. 👇
Is $VVV ready to tank, or is this just a pit stop? Share your thoughts below! 💭
Nabiha Noor
Hit the Like button and Follow for sharp entries and professional trading setups!
#VVV #CryptoShort #TradingStrategy #BinanceSquare #BearishSetup