$VET is showing strong bullish momentum, supported by high trading volume and a positive trend. Traders should watch for a breakout above $0.07022 or a pullback to $0.05550 for potential entry opportunities. Always manage risks with stop-loss orders and proper position sizing.
Support and Resistance Levels:
24-hour Low: $0.04587 (key support zone).
24-hour High: $0.07022 (near-term resistance).
Next Resistance: Around $0.07050 (recent local high on the chart).
Next Support: Around $0.05550 (previous consolidation zone).
Trading Strategy:
1. Bullish Scenario:
A breakout above $0.07022 could lead to further upside, with a potential target of $0.075-$0.078 in the near term.
2. Bearish Scenario:
If the price fails to sustain above $0.064, it could retest the $0.05550 support level.
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