$XVS
I’ve been watching XVS (Venus) closely today because it took a massive hit. It dropped nearly 24% after a flash crash, and honestly, the chart looks scary at first glance.
Here is what I’m seeing:
🟢 The Opportunity
To me, this looks like it might be an overreaction. My indicators show it is "oversold" (the RSI is way down at 29), which usually happens right before a bounce.
I also like that the project is still building—they just launched a new interface and updated their margin system. When the tech gets better but the price crashes, I start paying attention.
🔴 The Danger
But I have to be careful. The crash was caused by a massive whale getting liquidated (over $1 Million wiped out).
That kind of selling pressure can scare away buyers for a while. The trend is still pointing straight down on my charts, and the momentum hasn't flipped back up yet.
My Plan:
I think this dip could be a good buying chance, but I’m not rushing in. I’m going to wait for the price to stop falling and stabilize first.
I don't want to catch a falling knife if another whale gets liquidated.