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$VET (VET/USDT) - Technical Analysis
1. Price Action:
Current Price: $0.02240
24h Change: +6.41%
Recent Low: $0.01771 (on the chart, marked clearly)
Trend: Downtrend has been dominant, but a potential short-term reversal is forming.
2. Moving Averages:
MA(7): 0.02104 – Short-term (yellow)
MA(25): 0.02352 – Medium-term (pink)
MA(99): 0.03369 – Long-term (purple)
Interpretation:
Price is above MA(7) ➝ short-term bullish.
Still below MA(25) ➝ needs a breakout above $0.0235 to confirm medium-term reversal.
Price is far from MA(99) ➝ long-term downtrend still in place.
3. Volume:
Volume has slightly increased on green candles since the low at $0.01771 — a sign of accumulation or early reversal.
No massive breakout volume yet — confirmation needed on any resistance break.
4. Support & Resistance:
Immediate Support: $0.02100 (MA7)
Key Support Zone: $0.01800–$0.02000 (recent bottom)
Resistance Levels:
$0.02350 (MA25)
$0.02600
$0.03000 (psychological + prior structure)
$0.03369 (MA99)
🎯Objectives
Short-Term Objective
Target move from $0.0224 ➝ $0.0235–$0.0260 (first resistance zone).
Mid-Term Objective
If price holds above $0.0260, target $0.0300–$0.0330 range.
🧠 Trading Strategy
🔹 Entry Zones:
Aggressive: Now (~$0.0224)
Conservative: Pullback to ~$0.0210 (MA7 support)
🔹 Stop-Loss:
Below recent structure: $0.0200
Tighter SL: $0.0209 (just under MA7)
🔹 Take-Profit Targets:
TP1: $0.0235 (MA25)
TP2: $0.0260 (resistance)
TP3: $0.0300 (psychological)
🔹 Risk-to-Reward:
For entry at $0.0224, SL at $0.0200, TP1 at $0.0235 → R:R ~0.5:1 (tight).
Better R:R with TP2 or TP3 (~1.5:1 or 3:1).
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