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【$VVV Signal】Pullback on Long Entry + Confirmation of Support After Strong Breakout
On the 1H timeframe, after a massive rally, the price is undergoing a healthy pullback and consolidation. Currently, the price has fallen from the high of 8.4 to around 7.78, testing the support area above the 1H EMA20 (7.14). On the 4H timeframe, an epic bullish candle directly broke through all resistance levels, and the trend has fully shifted to bullish. This is the first pullback after the breakout, presenting an excellent second entry opportunity.
🎯Direction: Long $VVV Long(
⚡Entry/Order: 6.997 - 7.155
🛑Stop Loss: 6.650
🚀Target 1: 8.000
🚀Target 2: 8.800
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price strongly breaks above the previous high of 8.4, continue holding for higher gains.
)Depth Logic: The 4H daily gain is nearly 30%, with trading volume significantly increasing, which is a clear signal of strong institutional involvement. Although the 1H RSI(69( is somewhat high, a strong market allows RSI to remain elevated. The order book shows substantial buy-side accumulation (around 7.77-7.78), with strong support below. Negative funding rate)-0.0873%( combined with rising prices indicates potential for a short squeeze. The current pullback to the suggested_entry zone offers the optimal risk-reward entry point. )
Check real-time market 👇 )
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