VVVUSDT.P: short setup from daily support at 5.240VVV / TetherUS PERPETUAL CONTRACTBINANCE:VVVUSDT.PThe_Traders_HouseSETUP SUMMARY The VVVUSDT.P has been trading near the strong historical resistance level of 5.24 for the second consecutive day. Yesterday we saw a false breakout followed by a pullback, but today the price is approaching the level once again. Despite yesterday's strong rally (which normally warrants a few days of consolidation), buyers are showing immense strength by pushing the asset right back to the resistance the very next day, testing it twice within 24 hours. Chart facts: Structure: We have three tests of the level in the last two days. Each subsequent pullback is shallower than the previous one, forming a clear compression (higher lows). Both local and global trends are bullish. Relative Strength: The asset has grown significantly over the past month and continues to climb despite the broadly negative sentiment across the crypto market. This clearly indicates the presence of strong buyers capable of pushing the price up against the general market headwind. Gameplan: If the final approach to the resistance level happens without a spike in volatility (tight consolidation), I will be looking for a Long entry. PRO-THESIS FACTORS: trend alignment liquidity vacuum beyond level market divergence volatility contraction on approach close retest prolonged consolidation precise level testing price compression (Squeeze)Leave your thoughts on the setup in the comments. Follow this profile to monitor all upcoming ideas.