🚨$XVS (Venus) massive dump alert😭
Perfect example of liquidity grab + distribution before the crash.😫
If you chased longs here… market taught a lesson.
Trade structure, not emotions.😓
Price rejected hard from the ~5.7 resistance zone (marked above) — that level acted as a distribution area before sellers stepped in aggressively.
What happened next?
📉 Breakdown from consolidation
📉 Liquidity sweep
📉 Panic candles + cascade liquidation
📉 Nearly 40% drop
This is a textbook example of:
👉 Range → Rejection → Free fall
Key lessons for traders:
✅ Always respect major resistance
✅ Sideways action after rejection = danger
✅ Don’t long weak structures
✅ Wait for confirmation before entries
✅ Protect capital with stop losses
Right now price is sitting near a demand zone around 3.3–3.0 — expect volatility. Catching falling knives is NOT a strategy.
Trade smart. Patience pays.
