$VANA /USDT - Technical Analysis & Trade Signal🎯🚀🚀🚀🚀
Current Price: $16.814
Momentum: Bearish (Price declining, high volatility observed)
Key Levels to Watch
Resistance Levels:
Target 1: $17.500 🎯
Target 2: $18.200 🎯
Target 3: $19.000 🎯
Support Levels:
Support 1: $15.800
Support 2: $15.300
Indicators Summary
1. SAR (Stop and Reverse): Current SAR is at $17.735, indicating a downward trend until broken.
2. RSI (Relative Strength Index): Likely below 40, suggesting oversold conditions, but not yet indicating reversal.
3. EMA (Exponential Moving Average):
50 EMA: $17.200 (acting as resistance)
200 EMA: $18.000 (major trend resistance)
Trade Signal
Scenario 1: Long Position (Bullish Reversal)
Entry Point: $16.900
Targets:
🎯 Target 1: $17.500
🎯 Target 2: $18.200
🎯 Target 3: $19.000
Stop Loss: $15.800
Scenario 2: Short Position (Bearish Continuation)
Entry Point: $16.500
Targets:
🎯 Target 1: $15.800
🎯 Target 2: $15.300
🎯 Target 3: $14.800
Stop Loss: $17.200
Trade Momentum:
Short-Term (15m - 1h): Bearish pressure dominating.
Mid-Term (4h): Mixed, awaiting breakout above $17.200 for bullish momentum.
Long-Term (1D): Downtrend still intact unless price closes above $18.000.
Trading Strategy:
Use tight stop losses due to high volatility.
Monitor key levels for breakout confirmations.
Wait for RSI and SAR alignment to confirm momentum shift.
