已更新

Venice Token (VVV): The $6 Trap Before the Next Leg Down

A deceptive bounce/rally is brewing—don’t get faked out before the next major move.

Venice Token (VVV) is at a critical juncture. Despite a recent rebound, the price action suggests an impending bull trap, luring traders into a false rally before another drop.

Price is currently approaching $5...

A bounced and move toward $6.00+ is expected before heavy resistance kicks in, leading to a deeper correction—potentially toward $4.00–$3.80. Multi-timeframe analysis suggests that buyers will get faked out before the next leg down.

Current Analysis: VVV is experiencing a temporary recovery after a sharp decline.
False Reversal Signal: The price failed to reclaim a key range, invalidating a full reversal.
Short-Term Expectation: A push up to $6.00–$6.10, likely to fake out buyers.
Selling Pressure Zone: Strong resistance will likely prevent further upside.
Next Drop Target: Expect a move down to $4.60 first, with potential dips to $4.00 or even $3.80.
Double Bottom vs. Adam & Eve: Initially looked like an Adam & Eve reversal, but structure suggests a double bottom formation instead.
Multi-Timeframe Analysis: Suggests that the current bullish move is premature and unlikely to hold.

Final Thoughts:
Traders should stay cautious—this rally might not be what it seems. Look for $6 as a potential exit, and watch for a further breakdown in the coming hours. Patience will pay off.

註釋

Everything I discussed here could take another 24+ hours to complete

交易進行

How do you know the things that you know, Hollywood?
...
... I am The Candle Whisperer
Darth Trader (Luke, I am your broker!)
The Last Chart Bender
The Wickromancer
The Wizard of Callz
The Trendinator
Sherlock HODLmes...
...👁️

註釋

🤷🏼‍♂️

註釋

Looks like Adam and Eve after all, folks