š Market Analysis:
The $VITE /USDT 30-minute chart reveals a breakout from a consolidation phase, signaling bullish momentum. The price is currently testing key support at $0.01800, with resistance near $0.02000. The price action suggests a short-term bullish trend, potentially leading to higher highs if the bullish momentum continues.
š Entry Levels:
Long Entry: Around $0.01850, especially if the price retests the support zone.
Targets:
Short-Term Target: $0.02000 (near resistance).
Long-Term Target: $0.02200 (if the bullish trend continues).
Stop Loss: Set at $0.01750 to minimize risk.
š” Short-Term Play:
Momentum is strong, suggesting that the price might retest the $0.02000 resistance. A successful breakout could propel the price toward $0.02200.
š Bearish Scenario:
If the price falls below $0.01750, it could indicate a potential bearish shift, targeting $0.01600 as the next key support level.
š Trading Strategy:
Focus on volume confirmation before entering the market.
Watch for potential breakouts or failed retests of resistance to spot clear trading signals.
Current Price: $0.01618 (-4.65%)
Hashtags:
#SuiHitsNewATH #BinanceListsVelodrome #BinanceLaunchpoolVANA #CryptoUsersHit18M #MicroStrategyJoinsNasdaq100