Venice Token (VVV) is currently trading at $3.10, with a 24-hour decline of -9.37%. Technical charts indicate clear signs of momentum exhaustion in the high region, with bullish strength waning, suggesting a potential reversal.
Key Technical Analysis Points
From the daily and hourly charts combined, VVV has formed a relief zone in the 3.20-3.30 range, where the price has touched multiple times but failed to break through sustainably. A key reversal candlestick has formed around the 3.150-3.170 level, which coincides with the mid-term resistance level of the upward trend.
Detailed Trading Plan
Entry Strategy: Look for a reversal candlestick in the 3.150-3.170 zone as a confirmation signal. This price level holds both technical resistance and liquidity concentration significance. Once the price confirms a clear downward move in this area, it presents a high-probability shorting opportunity.
Risk Management: Set stop-loss at 3.29, which is above the nearest liquidity cluster. If the price closes above this level, it indicates that the bullish momentum still persists, and traders should exit immediately.
Target Levels:
First target (TP1): 3.050
Second target (TP2): 2.950
Third target (TP3): 2.850
These levels correspond to key support zones below, where historical liquidity and potential buyer interest are concentrated.
Operational Advice
Use the 15-minute chart to pinpoint precise entry points, and confirm trend direction on the 1-hour chart. Focus on patiently waiting for a clear reversal candlestick in the target zone rather than rushing into a position. If the price closes above 3.29, bullish momentum may continue, and it’s advisable to cut losses and reassess.
The core principle of trading here is to operate based on technical exhaustion signals, not psychological expectations.
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VVV technicals face a key reversal signal, short-term bearish opportunities emerge
Current Market Status
Venice Token (VVV) is currently trading at $3.10, with a 24-hour decline of -9.37%. Technical charts indicate clear signs of momentum exhaustion in the high region, with bullish strength waning, suggesting a potential reversal.
Key Technical Analysis Points
From the daily and hourly charts combined, VVV has formed a relief zone in the 3.20-3.30 range, where the price has touched multiple times but failed to break through sustainably. A key reversal candlestick has formed around the 3.150-3.170 level, which coincides with the mid-term resistance level of the upward trend.
Detailed Trading Plan
Entry Strategy: Look for a reversal candlestick in the 3.150-3.170 zone as a confirmation signal. This price level holds both technical resistance and liquidity concentration significance. Once the price confirms a clear downward move in this area, it presents a high-probability shorting opportunity.
Risk Management: Set stop-loss at 3.29, which is above the nearest liquidity cluster. If the price closes above this level, it indicates that the bullish momentum still persists, and traders should exit immediately.
Target Levels:
These levels correspond to key support zones below, where historical liquidity and potential buyer interest are concentrated.
Operational Advice
Use the 15-minute chart to pinpoint precise entry points, and confirm trend direction on the 1-hour chart. Focus on patiently waiting for a clear reversal candlestick in the target zone rather than rushing into a position. If the price closes above 3.29, bullish momentum may continue, and it’s advisable to cut losses and reassess.
The core principle of trading here is to operate based on technical exhaustion signals, not psychological expectations.