【$VVV Signal】Long | Healthy Pullback After Short Squeeze Initiation
$VVV After a 24% surge in 24 hours, the price is consolidating at a high level just below a key resistance level. This is not a top, but a healthy reset following a typical short squeeze pattern.
🎯 Direction: Long
🎯 Entry: 2.18 - 2.22
🛑 Stop Loss: 2.08 ( Rigid stop loss, below previous low and EMA20 support )
🚀 Target 1: 2.45
🚀 Target 2: 2.65
Market Analysis: After a volume breakout above EMA20 on the 4-hour chart, open interest remains stable, and the funding rate is -0.0357%, indicating a classic short squeeze structure. Short sellers are forced to close positions, providing the main buying pressure, rather than major players pushing the price higher to unload.
Core Logic: Depth imbalance at 9.6%, with buy orders significantly thicker than sell orders, showing strong support below. Although RSI is high at 77, in a short squeeze environment with negative funding and stable open interest, overbought signals on RSI are invalid. A pullback to the previous high (around 2.15-2.20) and above EMA20 (1.88) is an ideal entry point for trend following.
Risk Management: Stop loss set at 2.08, outside the previous low and ATR (0.085) lower band, effectively filtering market noise. Risk-reward ratio >2.5, meeting mathematical advantage.
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【$VVV Signal】Long | Healthy Pullback After Short Squeeze Initiation
$VVV After a 24% surge in 24 hours, the price is consolidating at a high level just below a key resistance level. This is not a top, but a healthy reset following a typical short squeeze pattern.
🎯 Direction: Long
🎯 Entry: 2.18 - 2.22
🛑 Stop Loss: 2.08 ( Rigid stop loss, below previous low and EMA20 support )
🚀 Target 1: 2.45
🚀 Target 2: 2.65
Market Analysis: After a volume breakout above EMA20 on the 4-hour chart, open interest remains stable, and the funding rate is -0.0357%, indicating a classic short squeeze structure. Short sellers are forced to close positions, providing the main buying pressure, rather than major players pushing the price higher to unload.
Core Logic: Depth imbalance at 9.6%, with buy orders significantly thicker than sell orders, showing strong support below. Although RSI is high at 77, in a short squeeze environment with negative funding and stable open interest, overbought signals on RSI are invalid. A pullback to the previous high (around 2.15-2.20) and above EMA20 (1.88) is an ideal entry point for trend following.
Risk Management: Stop loss set at 2.08, outside the previous low and ATR (0.085) lower band, effectively filtering market noise. Risk-reward ratio >2.5, meeting mathematical advantage.
Trade here 👇 $VVV
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