$BTC

#VVVUSDT Perfect Setup for Short setup

1. Price Movement: The chart shows the price has recently dropped, with a -7.25% decline visible in the pair (VVVUSDT).

2. Moving Averages:

The yellow line (7 MA) is crossing downward, which can be a bearish sign.

The purple line (25 MA) is still sloping upward, indicating some prior bullish momentum.

3. Support and Resistance:

There seems to be a local support level near 3.689.

Resistance may lie near 5.7 - 6.0, where prices previously consolidated.

support levels.

If you're looking to enter a position:

Buy if the price stabilizes above 5.3 and shows upward momentum.

Sell/Short if the price falls below 5.2 and confirms a downward trend.

Caution

The market is highly volatile. Ensure you have stop-loss orders in place.

Use technical indicators like RSI or MACD to confirm trends before making decisions.

Let me know if you need further clarification!