5.13 VVV High-level pullback, enter longs at low levels

From the 4-hour timeframe, since the previous high of 19.4, a pullback has formed, creating a high-level divergence + early double-top pattern; the short term has broken below EMA15/30, entering a correction cycle within a bullish trend, while the medium-term uptrend remains unbroken.

MACD: The daily bullish crossover continues, the red histogram shortens, and the slope slows down; a high-level death cross has formed on the 4h, the green histogram first appears, and the short-term correction is confirmed.
Bollinger Bands: The daily upper band at 18.5 is under pressure, and the middle band at 15.8 provides support; the bands narrow and flatten; on the 4h, the upper band is pressured downward, the middle band is lost, and the short-term outlook is bearish-biased consolidation.

Resistance: 17.5 (4h resistance) → 18.8 (intraday previous high, strong resistance) → 21.5 (1.618 Fibonacci extension)

Support: 15.5 (0.618 retracement) → 14.8 (daily 0.618) → 14.0 (dense volume area + rising trend line)

Action: Accumulate at lows in the 15.5–14.8 range, stop loss below 14.0; reduce positions on rebounds at 17.5–18.0, and only chase again if 18.8 breaks.

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