【$VVV Signal】Long + Breakout to New High on 1H, Capital Driving Short Squeeze

$VVV The 1H timeframe just strongly broke above the previous high of 4.042, reaching a new high of 4.116, with strong momentum. The 4H timeframe has formed three consecutive bullish candles, with the price staying above the EMA20, forming an upward channel. Currently, the negative funding rate is -0.034% and open interest (OI) is stable. The price increase is driven not by short covering but by active buying, indicating potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 4.090 - 4.105 (Enter directly near current price)

🛑Stop Loss: 3.950 (Break below the previous 1H candle's low and EMA50 support)

🚀Target 1: 4.250 (Previous wave high resistance)

🚀Target 2: 4.450 (Daily high and extension target)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Intraday gain has exceeded 29%, volatility is extremely high, risk of profit-taking)

- Execution Strategy: After the price reaches Target 1 at 4.250, reduce position by 50%, move remaining stop loss up to entry price 4.105. If the price strongly breaks through 4.250 and stabilizes, move the remaining stop loss up to 4.200 to aim for Target 2.

Deep Logic: Market depth shows buy orders concentrated around 4.10, forming a support cushion. The 1H RSI is at 69.23, not yet overbought, leaving room for further upward movement. Key point: price rises with stable open interest, and market logic suggests main players are entering, which differs from pure short pressure and is more sustainable. Next resistance is in the 4.25-4.45 range.

View real-time market 👇 $VVV

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