$VVV Short Setup: Fading the Rejection Wick
$VVV just pumped hard, but the massive rejection wick near $4.97 tells you everything you need to know. The market makers just swept liquidity, and the top is likely in.
Here is the exact trading plan to capitalize on this trap:
Entry Zone (CMP): $4.65 – $4.85
Take Profit 1 (TP1): $4.20
Take Profit 2 (TP2): $3.85
Take Profit 3 (TP3): $3.50
Stop Loss (SL): $5.05 (Just above the top wick)
The Logic: "Inserting the needle" like this on a 15m chart is a classic sign of exhaustion. More importantly, this coin has a dark history—it previously dropped by 80%. It is highly unlikely to sustain a true organic breakout after being washed out so recently. Shorting the wick offers a massive risk-to-reward ratio. Play the fade. 📉
#VVV #VVVShort #CryptoTrading #TradeSetup #BinanceSquare
