Why: Price has been climbing aggressively with multiple green candles and RSI now extremely overbought near 97. Moves like this usually cool off as early buyers start locking profits. If momentum slows near the 4.70–4.75 area, a pullback toward MA7 and the previous support zone around 4.30–4.00 becomes likely.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$VVV showing an extended move after strong rally and now starting to look overheated 📉
Short $VVV
Entry: 4.70 – 4.95
SL: 5.15
TP1: 4.45
TP2: 4.25
TP3: 4.05
TP4: 3.85
Why:
Price has been climbing aggressively with multiple green candles and RSI now extremely overbought near 97. Moves like this usually cool off as early buyers start locking profits. If momentum slows near the 4.70–4.75 area, a pullback toward MA7 and the previous support zone around 4.30–4.00 becomes likely.
Trade $VVV here 👇
{future}(VVVUSDT)