Venice Token (VVV): The $6 Trap Before the Next Leg Down

6 févr.

A deceptive bounce/rally is brewing—don’t get faked out before the next major move.

Venice Token (VVV) is at a critical juncture. Despite a recent rebound, the price action suggests an impending bull trap, luring traders into a false rally before another drop.

Price is currently approaching $5...

A bounced and move toward $6.00+ is expected before heavy resistance kicks in, leading to a deeper correction—potentially toward $4.00–$3.80. Multi-timeframe analysis suggests that buyers will get faked out before the next leg down.

• Current Analysis: VVV is experiencing a temporary recovery after a sharp decline.
  
• False Reversal Signal: The price failed to reclaim a key range, invalidating a full reversal.
  
• Short-Term Expectation: A push up to $6.00–$6.10, likely to fake out buyers.
  
• Selling Pressure Zone: Strong resistance will likely prevent further upside.
  
• Next Drop Target: Expect a move down to $4.60 first, with potential dips to $4.00 or even $3.80.
  
• Double Bottom vs. Adam & Eve: Initially looked like an Adam & Eve reversal, but structure suggests a double bottom formation instead.
  
• Multi-Timeframe Analysis: Suggests that the current bullish move is premature and unlikely to hold.
  

Final Thoughts:
Traders should stay cautious—this rally might not be what it seems. Look for $6 as a potential exit, and watch for a further breakdown in the coming hours. Patience will pay off.

VVVUSD

6 févr.

Note

Everything I discussed here could take another 24+ hours to complete

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Transaction en cours

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8 févr.

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Looks like Adam and Eve after all, folks