$VVV 1 H level enters high-level consolidation after a massive surge, with prices firm around 2.93. The 4H level shows a huge bullish candle breaking through all previous resistances, forming a V-shaped reversal prototype. The key point is: the negative fee rate reaches -0.368%, but the price rises instead of falling, and the open interest remains stable, which is a typical signal of a short squeeze. Although the 1H RSI is at a high level (85.71), in a short squeeze market, overbought conditions can persist.
🎯 Direction: Long
🎯 Entry/Order: 2.915 - 2.925 (Reason: current market concentration area, entering the trend)
🛑 Stop Loss: 2.850 (Reason: breaching the 1H level surge starting point and EMA20 support, short squeeze logic fails)
🚀 Target 1: 3.100 (Reason: previous high resistance level, also a whole number psychological barrier)
🚀 Target 2: 3.300 (Reason: extended target based on ATR calculations)
🛡️ Trade Management:
- Position Suggestion: Light position (Reason: daily increase has exceeded 60%, high volatility, prioritize risk)
- Execution Strategy: When the price reaches around 2.98, move the stop loss to the entry price. After reaching Target 1, reduce the position by 50%, and move the stop loss of the remaining position to 2.98, aiming for Target 2.
Deep Logic: Market logic suggests "price increase, combined with open interest determination"; current OI is stable, price is strong, ruling out pure upswing for unloading, it is more likely that the main force is entering or shorts are being forced to cover. The buy depth on the order book is significantly thicker than the sell depth (depth imbalance 21.9%), with strong support below. The 1H EMA20 (2.4258) has significantly diverged, forming dynamic support. This is a typical capital-driven market, act accordingly, but be sure to tighten the stop loss.
Trade here 👇$VVV
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