【$VVV Signal】Short squeeze continuation, 1H pullback confirmation followed by second surge

$VVV The 1H timeframe has experienced a massive rally and is now consolidating strongly above a key support level. An epic bullish candle on the 4H chart has directly reversed the downward trend. The current price is supported above EMA20_1H (2.194), which is a healthy retracement in a bullish trend. Negative funding rate (-0.0645%) combined with firm price action suggests shorts are still being squeezed, and stable open interest indicates funds are not significantly withdrawing. This is a continuation signal for the short squeeze market.

🎯Direction: Long (Long)

🎯Entry/Order: 2.36 - 2.38 (Reason: 1H EMA20 support zone & 4H large bullish candle mid-support )

🛑Stop loss: 2.28 (Reason: Break below 4H bullish candle initiation point 2.245 & ATR stop loss )

🚀Target 1: 2.49 (Reason: Previous high resistance level, also the initial target on the 1H timeframe )

🚀Target 2: 2.65 (Reason: Based on recent rally’s 1.382 Fibonacci extension level )

🛡Trade management:

- Position size suggestion: Light (Reason: Daily gains have exceeded 35%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After reaching 2.49, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 2.38. If the price cannot hold above 2.38 and turns downward, exit immediately without hesitation.

Deep logic: Market depth shows unusually thick buy orders in the 2.35-2.36 range, a clear signal of main force defending the price. Although the 1H RSI (75.2) is high, it has not become dull, leaving room for further upside in a strong short squeeze market. The market logic suggests ‘price rising, main force entering or shorts being squeezed,’ and combined with the negative funding rate, it is more likely a short squeeze triggered by short covering. The key is whether the price can hold the newly established support at 2.35-2.38; holding this level indicates a second surge is imminent.

Trade here 👇 $VVV

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