Current Market Overview
The VET/USDT chart from Binance shows the following key details:
- Price: $0.03688 (≈ Rp593.01)
- 24h Change: +3.51%
- 24h High/Low: $0.03712 / $0.03507
- Volume (VET/USDT): 271.55M / 9.76M
Chart Analysis
- Short-term Trend: The price has been relatively stable with minor fluctuations, showing potential consolidation.
- Medium-term Trend: A downtrend is visible, with a significant decrease over the past 90 days (-25.20%).
- Long-term Trend: Positive growth over 180 days (70.62%) and 1 year (89.76%).
Trading Strategy
1. Short-term Trading:
- Consider buying if the price approaches support levels (near recent lows of $0.03507).
- Sell at resistance levels or if there's a clear bearish signal.
2. Long-term Investment:
- Hold or accumulate VET if you believe in its long-term potential, especially given the significant yearly growth.
- Diversify to mitigate risks associated with the volatility.
Final Recommendation
- For Traders: Monitor for breakout signals and maintain stop-loss orders to protect against sudden drops.
- For Investors: Continue to hold or add positions during dips, focusing on long-term growth potential.
Always perform your own research and consider risk tolerance before making any trading or investment decisions.
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