【$VVV Signal】Short squeeze continuation, 1H strong breakout, chasing longs with ongoing battle

$VVV After a brief sideways consolidation on the 1H timeframe, a massive violent surge occurred between 21:00-22:00, with the price jumping from 2.42 directly to 2.74, forming a strong breakout structure. Currently, the price is consolidating at a high of 2.71-2.72, with the 1H RSI reaching as high as 83, entering overbought territory. This is a typical hot coin short squeeze characteristic. On the 4H level, a towering bullish candle has reclaimed nearly a week’s worth of lost ground, signaling a strong trend reversal. Combined with the negative funding rate of (-0.0869%) and the strong price action, bears are being squeezed, and the main force’s support intent is clear.

🎯Direction: Long (Long)

🎯Entry/Order: 2.705 - 2.715 (Reason: The lower boundary of the current strong consolidation zone, also a dense buy support area )

🛑Stop loss: 2.650 (Reason: Falling below the 21:00 large bullish candle start point at 2.417 and EMA20_1H support indicates a failed breakout )

🚀Target 1: 2.85 (Reason: Previous high resistance area, also the 4H Fibonacci 0.786 retracement level )

🚀Target 2: 3.00 (Reason: Psychological round number, previous dense trading zone on the daily chart )

🛡️Trading management:

- Position suggestion: Light position (Reason: The 1H RSI is overbought, volatility is high, strict risk control is necessary )

- Execution strategy: Use aggressive take profit. After reaching 2.85, reduce position by 70%, and move the remaining stop loss up to the entry price of 2.715. If the price cannot hold above 2.75 and a long upper shadow appears on the 1H chart, consider exiting early.

Deep logic: Market depth shows buy orders are far thicker than sell orders (depth imbalance -6.84%), with a large accumulation of buy orders at 2.70-2.71, forming immediate support. Open interest remains stable but prices are soaring, indicating a typical capital-driven short squeeze market. The EMA20 on the 1H chart has quickly turned upward as a dynamic support. The risk lies in the extreme overbought RSI, which could trigger a quick pullback at any time. Therefore, entry must be with a small position and strict stop loss, betting on the continuation of the short squeeze sentiment.

Trade here 👇 $VVV

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包