VTHO is in a bearish market at the daily level. At this time, it should turn to the 4-hour level to wait for the confirmation of the bearish signal, that is, the appearance of the purple dot.
If the 4-hour chart breaks the key position of 0.002545, the market is bearish.
Then, wait for the next purple dot to form and close, which can be regarded as the opportunity to enter the short position.
In this situation, it is necessary to pay attention to the support level below, which is located near 0.002493 and 0.002442 respectively.
However, if the price fails to effectively break below 0.002545 at the 4-hour level, it is necessary to consider the possibility of the emergence of the bullish side.
At this time, it is recommended to turn to the 1-hour level to look for the confirmation of the bullish signal, that is, the appearance of the yellow dot.
If the bullish signal is confirmed, the upper pressure level can focus on the range of 0.002581 to 0.002653.
