$VVV The 1H timeframe has just completed a strong breakout above the previous high, reaching a new high with significantly increased volume. The 4H timeframe has formed three consecutive bullish candles, indicating a shift from consolidation to a clear upward trend. Currently, the price is consolidating around 4.81, which is a healthy pullback after the breakout.


🎯Long Position
🎯Entry/Order: 4.78 - 4.82 (Enter directly within the current price range)
🛑Stop Loss: 4.65 (Based on the previous low on the 1H timeframe and ATR)
🚀Target 1: 5.15 (Previous resistance level and psychological barrier)
🚀Target 2: 5.40 (Fibonacci extension level on the 4H timeframe)
🛡️Trade Management:
- Position Size Suggestion: Standard position (Reason: Multi-timeframe resonance, effective breakout)
- Execution Strategy: After the price reaches 5.15, reduce position by 50% and move the stop loss to the entry price of 4.78. Hold the remaining position for the second target. If the price pulls back and breaks below 4.78, exit all positions.
Deep Logic: Over the past 4 hours, the price surged from 4.05 to 4.81, an increase of nearly 19%, while open interest (OI) remained stable, indicating this is not a short squeeze but genuine buying by new bulls. The 1H RSI is as high as 77, overbought but not exhausted, leaving room for further upside in a strong trend. The order book shows a significant increase in ask orders above 4.82, but bid depth remains solid, indicating fierce battle between bulls and bears, with enough momentum for a breakout.
View real-time market 👇$VVV #Gate广场发帖领五万美金红包
VVV21.38%
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