$VVV #VVV 📉
Direction: SHORT
Entry zone: 19.10 to 19.40
Stop loss: 20.10
Target 1: 18.37
Target 2: 17.80
Venice is trading near 19.32 dollars, down 10.9 percent in 24 hours and down 14.71 percent in 7 days, one of the weakest coins in the top 100 tonight, inside a range of 18.37 to 22.11 dollars, and the recent closes show sellers keeping price pinned low, 19.13, then 19.22, then 19.10, then 19.15, then 19.36. 🔴 My reading is that VVV is in a clear down move, because a double digit drop with closes stuck near the lows on a hot CPI night is momentum, not noise, and the coin is sitting close to its 24 hour low. A short from the current zone, with a stop above 20.10, targets 18.37 first and then 17.80 if sellers break the range low. A push above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Venice break 18.37 first, or bounce back above 20.10? 🤔
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#Venice #Crypto #FuturesTrading #TradingSignals