【$VVV Signal】Long + 1H volume breakout, short squeeze in progress
$VVV The 1H timeframe just broke above the previous high with volume, forming a strong upward rally candle, with very strong momentum. The 4H timeframe has closed positive for several consecutive periods, breaking through the recent consolidation range, indicating an upward trend. Despite the negative funding rate environment, prices remain resilient, with potential for a short squeeze.
🎯Direction: Long (Long)
🎯Entry/Order: 4.62 - 4.65 (Reason: Currently breaking through a strong resistance zone, retesting the 1H EMA20 (4.19) support is far below, aggressive chasing needed)
🛑Stop Loss: 4.20 (Reason: Falling below the start of the previous 1H bullish candle and the 1H EMA50 (3.98) support, indicating a failed breakout)
🚀Target 1: 4.95 (Reason: 4H previous high resistance and psychological round number)
🚀Target 2: 5.40 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level)
🛡️Trade Management:
- Position size suggestion: Light (Reason: Intraday gains have exceeded 26%, volatility is high, and risk is elevated)
- Execution strategy: Use aggressive management. After reaching 4.95, reduce position by 50% and move stop loss to entry price 4.62. Remaining position aims for the second target; if price retests and falls below 4.62, exit all positions.
Deep logic: The last 1H candle shows significantly increased volume, and the bid-ask depth ratio (bid_ask_ratio_depth: 1.67) indicates strong support below. Although open interest (OI) is stable, the negative funding rate (-0.0204%) combined with strong price rally is characteristic of a typical short squeeze scenario. The 1H RSI (65.66) has not entered overbought territory, leaving room for further upside. Order book imbalance is at 24.99%, with concentrated buying pressure.
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【$VVV Signal】Long + 1H volume breakout, short squeeze in progress
$VVV The 1H timeframe just broke above the previous high with volume, forming a strong upward rally candle, with very strong momentum. The 4H timeframe has closed positive for several consecutive periods, breaking through the recent consolidation range, indicating an upward trend. Despite the negative funding rate environment, prices remain resilient, with potential for a short squeeze.
🎯Direction: Long (Long)
🎯Entry/Order: 4.62 - 4.65 (Reason: Currently breaking through a strong resistance zone, retesting the 1H EMA20 (4.19) support is far below, aggressive chasing needed)
🛑Stop Loss: 4.20 (Reason: Falling below the start of the previous 1H bullish candle and the 1H EMA50 (3.98) support, indicating a failed breakout)
🚀Target 1: 4.95 (Reason: 4H previous high resistance and psychological round number)
🚀Target 2: 5.40 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level)
🛡️Trade Management:
- Position size suggestion: Light (Reason: Intraday gains have exceeded 26%, volatility is high, and risk is elevated)
- Execution strategy: Use aggressive management. After reaching 4.95, reduce position by 50% and move stop loss to entry price 4.62. Remaining position aims for the second target; if price retests and falls below 4.62, exit all positions.
Deep logic: The last 1H candle shows significantly increased volume, and the bid-ask depth ratio (bid_ask_ratio_depth: 1.67) indicates strong support below. Although open interest (OI) is stable, the negative funding rate (-0.0204%) combined with strong price rally is characteristic of a typical short squeeze scenario. The 1H RSI (65.66) has not entered overbought territory, leaving room for further upside. Order book imbalance is at 24.99%, with concentrated buying pressure.
View real-time market 👇 $VVV
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