The $VITE /USDT trading pair has broken out, signaling strong bullish momentum. Currently trading at $0.01359, buyers have successfully surpassed critical resistance levels, offering a compelling setup for traders.
Trading Plan
Entry Zone: $0.01350 - $0.01360
Target 1: $0.01400
Target 2: $0.01450
Stop Loss: $0.01300
Analysis
Breakout Confirmed: The price has reclaimed the previous resistance zone, which is now acting as support.
Bullish Continuation Likely: Sustained buying pressure suggests $0.01450 is achievable in the near term.
Technical Indicators: RSI and volume indicate strong upward momentum, supporting further gains.
Trading Advice
Profit Management: Take partial profits near Target 1 ($0.01400) and move the stop loss to breakeven to minimize risk.
Risk Management: Stick to your stop-loss strategy to safeguard against volatility.
Market Monitoring: Keep an eye on key resistance levels and broader market sentiment, as high volatility could trigger sudden price shifts.
Stay disciplined and trade responsibly.
VITE at $0.01344, up 7.17% on the day.