Cryptocurrency Venus ($XVS) shows a strong bullish setup after rejecting the optimal trade entry zone, indicating heightened buying pressure.
Bullish Rejection at Optimal Trade Entry Zone
Recent price movement in $XVS on a chart shared by market watcher Crypto Patel on social media platform X highlights a critical technical setup. After dipping into the OTE zone, the price faced strong rejection, signaling clear bullish intent. This suggests that buyers stepped in decisively, countering earlier selling pressure.
Market Structure Shift Indicates Buyer Control
Supporting the bullish outlook is a marked Market Structure Shift (MSS) visible on the chart. The breakout past previous resistance levels confirms sellers are losing grip while buyers gain dominance. Additionally, the price broke free from an external liquidity run zone—an area that had accumulated buy orders, indicating larger players are positioning for an upside move.
Liquidity Pools Set Clear Targets for Upside
Looking ahead, the chart highlights clear liquidity pools that could pull the price higher. The first key level is around $6.50, where a cluster of buy orders exists. Beyond that, a stronger liquidity pool near $6.61 may attract more momentum-driven buyers. Maintaining above $6.30 will be crucial, as dropping below this level could weaken the bullish setup.
The Venus ($XVS) market shows rising buying pressure, confirming the bullish trend and potential for further growth. Continuous adherence to the liquidity levels mentioned is vital for sustaining a stable upward movement.
