🚀 Trade Setup: $VVV Bullish Breakout Confirmed?
The AI-sector momentum is heating up, and VVV (Venice Token) is looking primed for its next leg up. After a period of consolidation, we are seeing a clean break above a key resistance level.
📊 Technical Analysis
Breakout Zone: The price has successfully cleared the resistance at $4.80, which was previously a heavy rejection zone.
Support Base: We have established strong support around the $4.20 - $4.40 range (the purple demand zone on the chart).
Bullish Structure: Higher lows on the 4H chart indicate sustained buying pressure. The volume is starting to pick up, supporting the breakout move.
🎯 The Long Setup
Entry Price: $4.80 - $4.85 (Current Market Price or on a slight retest of the breakout line)
Target 1: $5.50 (Psychological resistance)
Target 2: $6.15 (Mid-range target)
Target 3 (Moon): $6.69 (Major resistance level as identified on the chart)
Stop Loss: $4.21 (Below the recent consolidation support)
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