$VIB

VIB/USDT Technical Analysis – 23 Dec 2024 🚀📈

💰 Current Price: $0.13759 (+31.87%)

📊 24H High/Low: $0.15252 / $0.09392

🔄 24H Volume: 303.75M VIB ($39.68M USDT)

📈 Market Overview

VIB/USDT is showing remarkable bullish momentum with a +31.87% gain over the last 24 hours. The price has approached its 24h high of $0.15252, with strong buying interest driving the market. Indicators such as SAR and MACD align with the bullish trend, but traders should watch for pullbacks at resistance levels.

🎯 Key Targets

1️⃣ Target 1: $0.15000

Why: The psychological round figure near the 24h high ($0.15252) is a critical resistance level. Breaking this could confirm the next leg upward.

🔥 Action: Monitor Bollinger Band expansion and volume for breakout confirmation.

2️⃣ Target 2: $0.17500

Why: A Fibonacci extension target and short-term resistance. Sustaining above $0.15000 could drive the price to $0.17500.

🚀 Action: Use EMA alignment and MACD bullish crossovers to validate momentum.

3️⃣ Target 3: $0.20000

Why: A significant psychological and long-term resistance level. Breaking $0.17500 could set the stage for $0.20000.

⚡ Action: Confirm strong volume and positive sentiment before targeting $0.20000.

📌 Indicators to Watch

SAR (Stop and Reverse): Current SAR at $0.06501 provides a strong base for the bullish trend.

📊 Bollinger Bands: Price near the upper band suggests potential for a breakout or short-term retracement.

📈 MACD: Sustained bullish crossovers will strengthen the case for upward continuation.

🎯 Trading Strategy

1. 🔑 Support Levels: $0.12500 (minor support) and $0.09392 (24h low) for managing risk.

2. 📉 Momentum Play: Enter on confirmed breakout above $0.15000 or after a pullback to $0.12500. Place a stop-loss below $0.12000.

3. 💸 Profit Booking: Scale out at $0.17500 and $0.20000 while employing a trailing stop-loss to secure gains.

💹 Ride the bullish wave with VIB/USDT and trade confidently on Binance! 🚀📊

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