Shorts just got squeezed on $VVV at 3.10671 and that pop tells you liquidity hunters did their job. When bears are forced out, price usually searches for the next pocket of orders, and that’s where disciplined traders step in instead of chasing noise.
Immediate resistance is forming around 3.18 while support is trying to build near 3.02. If buyers keep acceptance above the squeeze zone, EP can be considered on constructive pullbacks or a clean reclaim of 3.12, with TP sitting near 3.25 and an extension toward 3.38 if momentum accelerates. SL should rest below 2.98 because losing that shelf would signal the trap has flipped.
In the short term, expect fast rotations as late longs and trapped shorts battle for control. Over the longer horizon, holding above the 3.00 psychological base keeps the structure biased for gradual continuation and opens the path for a grind into higher supply where the next major test awaits.
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