Rate: 3.66395
Trend: Bearish Pressure ⬇️
Recent High: 4.7415 | Recent Low: 3.4481
Analysis:
VVV confronted a strong resistance at 4.74 and started to fall into a corrective spiral. Price is currently below the Supertrend resistance and this shows short-term bear momentum. Price is in the middle of support and resistance on this 1-hour time frame.
If the 3.60–3.50 support area does not hold, there may be more downside ahead. But being oversold here could drive a short-term bounce. It needs some confirmation by the volume before taking an entry.
Take Profit (TP) for Short Entry:
TP1: 3.55
TP2: 3.40
TP3: 3.25