"(✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" is an emoticon that doesn't have a specific meaning or context. It's up to the user's interpretation.
"He likes the cheerleader" is not an emoticon, but rather a statement indicating someone's romantic interest in a cheerleader.
- Sadness & Empathy:
"I'm sorry to hear about your loss. (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" - Anger & Resentment:
"I can't believe she said that about me. (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺" - Disappointment & Frustration:
"I can't believe I missed the deadline. (✧≖ ͟ʖ≖)✺◟(ꔸoꔸ)◞✺"
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Examples: