VTHO Short Alert: Bearish Squeeze Looms Below $0.001

Crypto trader @CryptoPatel issued a short alert for VeThor Token (VTHO), citing key technical indicators that suggest a potential price drop below the crucial $0.001 level. VTHO briefly dipped to $0.001066 after a 2.5% daily decline, sparking Patel’s analysis based on his ‘Smart Money Concepts’ (SMC) and ‘Inner Circle Trader’ (ICT) methodology. Patel argues that the token is poised for a bearish reversal after it tapped a clean bearish order block (OB) following an engineered liquidity sweep. The recent price rally was fueled by manipulation, potentially setting up a classic setup of high-probability short squeeze. This manipulative tactic involves artificially increasing prices before a swift crash, leading to further losses for unsuspecting longs. VTHO’s chart reveals clear signs of this strategy: the price action is now mirroring an established trend line with external liquidity acting as a magnet, drawing in more buyers and setting up a potentially damaging reversal. The order block, pristine and free from wicks, highlights this move.