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🔻 $VVV — CONTINUED LONG SQUEEZE / BEARISH PRESSURE STILL ACTIVE
$VVV has triggered another long liquidation worth approximately $1.03K at the 17.28562 level. Repeated long liquidations indicate bullish traders continue getting trapped during recovery attempts, reinforcing bearish continuation pressure.
What This Means:
🔴 Longs continuing to get liquidated
⚠️ Forced selling pressure remains active
📉 Bearish momentum still dominant
🔥 Volatility staying elevated
Market Structure:
Long squeeze continuation phase
Recovery attempts facing rejection
Lower highs still active
Sellers maintaining control
KEY LEVELS:
Resistance Zone: 17.40 – 17.80
Support Zone: 16.90 – 16.40
ENTRY ZONES:
Primary Entry (Short): 17.10 – 17.35
Breakdown Entry: Below 16.90
STOP LOSS:
18.05
TAKE PROFITS:
TP1: 16.70
TP2: 16.20
TP3: 15.50
LEVERAGE PLAN:
Safe: 3x – 5x
Aggressive: 6x – 10x
Trade Logic:
Repeated liquidations confirm weak bullish structure
Forced selling continues adding downside pressure
Further correction likely unless resistance breaks strongly
Invalidation:
Strong reclaim above 18.05
Confidence Level: 8.7/10
Bias: Bearish
Next Target: 16.20
$VVV