$VIC
– STRONG REJECTION FROM HIGHS, LOWER HIGH IN PLAY
FAILED TO HOLD ABOVE $0.3099
SUPPORT TURNED RESISTANCE NEAR $0.2970
$VIC surged to $0.3099 before facing heavy rejection, followed by a breakdown and failed attempts to reclaim the previous high. The price structure is forming lower highs with choppy consolidation under $0.2970, signaling exhaustion from buyers. If price fails to break above this resistance, a deeper retracement is likely.
Short Trade Setup:
• Entry: $0.2840 – $0.2920
• Stop Loss: $0.3010
• Target 1: $0.2640
• Target 2: $0.2480
• Target 3: $0.2350
Watch for bearish engulfing near resistance before entering. Breakdown below $0.2700 may trigger accelerated downside.
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