VVV perps are +30.71% and the funding tells you more than the candle does.
VVV perp at $22.73, +30.71%, 201M volume, open interest 1.4M contracts.
Resistance $25.77 then $27.57
Support $17.38 then $16.03, deeper $15.73
7d range $15.73 to $25.77, 20D avg $17.19, price above
Funding 0.0627%, longs are paying heavily to stay in. Crowded side pays, and crowded sides get flushed.
Those are levels the chart has reacted to before, nothing more. Whether $17.38 holds again is not something anybody can promise you, and anyone who does is selling something.
Now the part nobody says out loud. This already moved +30.71%. If you fomo into leverage off a post like this and it turns, that's your position, your size, your liquidation. I'm drawing a map, I'm not driving your car.
Where's your invalidation?
Levels off a public chart, shared as a personal view. Not a recommendation, not a signal, not an offer to trade. Do your own research. Anyone acting on this carries their own risk entirely.
#VVV #Futures