A few days ago, the position recommended at 2.4 to go long achieved a maximum profit of 40 points. However, the rhythm changed starting yesterday.
On the 4-hour chart, the price has been falling from the high of 3.6, and the 7-day moving average has been effectively broken. The bulls no longer have momentum to support. Looking at the MACD, there is a clear divergence at the top, the DIF line has turned downward, and a death cross signal is about to be confirmed. The downward trend has already begun.
The trading volume is also cooperating—24-hour K-line shows increasing volume on the decline, indicating obvious signs of the main force offloading at high levels. Currently, VVV quotes at 3.1. When a rebound occurs, do not be fooled—it's just a trap to attract buyers.
The current opportunity is on the bearish side. It's time to reverse and open short positions. Enter at market price, set a stop-loss properly, and let the trend verify the technical signals.
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A few days ago, the position recommended at 2.4 to go long achieved a maximum profit of 40 points. However, the rhythm changed starting yesterday.
On the 4-hour chart, the price has been falling from the high of 3.6, and the 7-day moving average has been effectively broken. The bulls no longer have momentum to support. Looking at the MACD, there is a clear divergence at the top, the DIF line has turned downward, and a death cross signal is about to be confirmed. The downward trend has already begun.
The trading volume is also cooperating—24-hour K-line shows increasing volume on the decline, indicating obvious signs of the main force offloading at high levels. Currently, VVV quotes at 3.1. When a rebound occurs, do not be fooled—it's just a trap to attract buyers.
The current opportunity is on the bearish side. It's time to reverse and open short positions. Enter at market price, set a stop-loss properly, and let the trend verify the technical signals.