$VET
1. Intraday Strategy (Short Term)
Take advantage of volatility movements to gain quick profits:
• Entry at key levels:
• If the price breaks above $0.06654 (minor resistance) with high volume, consider entering long (buy).
• If the price drops below the support of $0.06202, you can enter short (sell) with a target near $0.06000.
• Moving averages:
• Use the 7 and 25 EMAs as guides. Buy if the price crosses upward both lines with confirmation of green candles and increasing volume.
• Exit if the price crosses back down below the EMAs.
• Stop-loss and take profit:
• Set a tight stop-loss (for example, 1.5% to 2%) to protect yourself from sharp declines.
• Set clear goals: 2%-4% profit on each trade.
• Additional confirmations:
• Use the RSI (Relative Strength Index) to confirm if the asset is oversold (RSI < 30) or overbought (RSI > 70). This will help you avoid entering extreme movements.
2. Swing Trading Strategy (Medium Term)
Look for larger movements over days or weeks:
• Buy at supports:
• If the price falls near $0.06202, consider entering if the level holds with rejection candles (long tails downward) and decreasing volume on the declines.
• Breaks of resistance:
• If the price exceeds $0.07024, it could indicate a trend change. Consider entering long and setting an initial target at $0.075 and then at $0.080.
• Stop-loss and take profit:
• For swing trading, place the stop-loss below the nearest key support, such as $0.06000.
• Take profit starting from 5%-10% of the expected movement.
• EMA 25 and 99 as trends:
• If the EMA25 crosses upward the EMA99, this can be a solid bullish indicator to hold the position.
Responsibility; we operate in a highly volatile market, which carries its risks, so the recommendation is not to trade with all your capital, trade in small portions.