【$VVV Signal】Watching for a pullback, overbought momentum at high levels is waning

$VVV Current price breaks above the 4H Bollinger upper band, 1H RSI at 83 stuck in overbought zone, buy order depth is unbalanced at -34%, high-level selling pressure is gradually increasing. MACD 1H bullish momentum bars continue to shorten, short-term momentum is exhausted. Funding rate is 0.036% with no anomalies, but the risk-reward ratio is very low, avoid chasing highs.

🎯Direction: Watching (Place buy orders)

⚡Entry: 11.284 (Recommend placing orders near the upper limit of the zone, wait for a pullback confirmation)

🛑Stop loss: 9.474

🚀Target 1: 11.353

🚀Target 2: 11.398

🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss to break-even. If the price directly breaks below the lower boundary of the zone at 10.046, abandon this plan.

The 4H trend remains strong, but a bearish divergence is brewing on the 1H chart. Wait for the price to digest the overbought condition before entering. Currently, the risk of chasing the high is too great; better to miss the move than chase the high.

Check real-time market 👇 $VVV
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