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$VVV (1h) - Pullback Short
Bias: Short
Entry (Zone): 17.05 - 17.25
Targets:
TP1: 16.55
TP2: 15.95
TP3: 15.25
Stop Loss: 17.72
Why this Setup:
I’m looking to short the rebound into prior resistance after the sharp push up, since momentum is starting to cool off and price is still below the recent breakout high. I want to see a rejection in the 17.05 - 17.25 area for a move back toward the mid-range and lower support levels.