VVV this wave of market movement is worth paying close attention to. Since peaking at 3.1, the price has not truly rebounded and has continued to weaken. Looking at the 1-hour chart, the downward momentum is quite smooth, and the bears have completely taken control. This pattern still has plenty of room to move downward.

If you want to enter a short position, the 2.93 level is a good entry point. For stop-loss, it is recommended to place it above 3.08 to prevent being swept out by a false breakout. The target levels are as follows: take partial profits at 2.85, then aim for 2.71, and the third target is 2.63. If the support at 2.63 is also broken, then continue holding your position, as there may be even larger declines ahead.