$XVS
USDT BEARISH BREAKDOWN – SUPPORT BREACH COULD UNLEASH FURTHER SELLING
Current Price: $5.76 (-3.52%)
Venus ($XVS) is displaying continued weakness after failing to hold above the $5.80 support level. Sellers are tightening grip as price hovers just above its daily low, signalling potential for deeper downside if momentum sustains.
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🔻 Key Levels:
Resistance: $5.90 – $6.10
Support: $5.72 (immediate), $5.50 (strong support below)
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📉 Trade Setup (Short)
Entry Zone: $5.75 – $5.80
Take Profit 1: $5.60
Take Profit 2: $5.50
Stop Loss: $5.90
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📝 Market Outlook:
Momentum remains bearish on intraday timeframes with no clear reversal signal yet. Break below $5.72 could open doors towards $5.50. Caution advised around psychological $5.50 support which might trigger short-covering bounces.
⚠️ Risk Management:
Use 2-3% of wallet per trade.
Maintain strict stop loss discipline to protect capital.
Adjust position sizing based on leverage and volatility.
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