VVV/USDT this wave of market movement is quite interesting. The RSI on the 15-minute, 1-hour, and 4-hour charts are all in overbought territory, standing at 74, 74.6, and 77.4 respectively, especially the 77.4 on the 4-hour chart which is quite intense. However, trading volume has increased by 156%. Although the MACD on the 1-hour timeframe is still showing upward momentum, how long can the momentum sustain? That’s the key question.

The current price around 2.73 is a clear battle zone. Looking upward, 2.80 is the first resistance level; if broken, try for 2.95. Looking downward, 2.65 is support; if it falls further, then 2.50 will be the next target.

Honestly, I am currently in a wait-and-see mode. If the price effectively breaks above 2.80, I will jump in to take profits; if it breaks below 2.65, I will reverse and go short. As for the current position? With such severe overbought conditions, chasing the high often results in losses for retail traders. Better to miss a move than get caught in a trap.

This is just my chart analysis and for reference only.