💣
+5.1% #pump & 7.7x Volume Spike on $VVV
#VVVUSDT .P, what's happening here?
- With all indicators bullish and a huge volume spike, this is either the start of an explosive breakout or a classic bull trap before a reversal. Do not FOMO long at local highs!
- Best approach: Wait for a pullback to 2.331–2.271 or a clean retest of 2.564 from above. Enter a long only if there is a strong reversal signal like a bullish engulfing, pin bar, or consolidation with higher lows.
- Example entry: If price dips to 2.331 and then prints a bullish engulfing or a lower-timeframe trend change, you can enter long with targets at 2.564, 2.776, and 2.988. Stop-loss should be below the swing low at 2.221 or lower if risk tolerance allows.
- Alternatively, if price breaks out above 2.564 and then holds this level on a retest, you can long on confirmation with the same targets. Make sure the retest is supported by a clear reversal signal (engulfing, pin bar, or strong bounce).
- If price fails to hold above 2.483 and momentum turns bearish (look for long upper wicks, strong reversal candles), expect a pullback to 2.331 or even lower (1.839 cluster). In that case, stand aside or consider shorts only after clear lower-high structure forms.
- This volume anomaly can be caused by smart money accumulation, but it might just as easily be profit-taking or a trap for latecomers. Confirmation is key — never trade just on the pump itself. Always wait for price action signals!