Pressure has completely flipped — and this time the squeeze was on the sellers.
$4.15947 showed us a short liquidation. This means that those sellers who were betting on the price to fall had to close their positions forcefully when the price pushed up. When shorts are liquidated, they have to buy back — and that buying further fuels the move.
This move is made stronger by the current price level. The price is now holding above the liquidation origin. This means buyers have not just given a spike, but they are also defending that level. Holding above reclaimed support is often a signal of continuation.
The trade setup is as follows:
Entry: $4.12
Target 1: $4.45
Target 2: $4.80
Target 3: $5.20
Stop Loss: $3.92
The structure is now shifting to the bullish side. The price has reclaimed support and is building strength instead of fading. Momentum is leaning towards buyers, and short covering is still adding upward pressure.#VVVSurged55.1%in24Hours