$VANA Gains Momentum After Recent Drop – Potential Reversal Incoming
$VANA is trading at $18.173 on the 15-minute chart, showing recovery signs after bouncing back from a low of $15.327. The price is testing key moving averages, indicating a possible reversal if buying momentum sustains.
Trade Setup:
Long Entry: Above $18.50, targeting $19.50 and $20.30.
Short Entry: Below $17.50, aiming for $16.90 and $15.80.
Stop Loss: Place a stop loss at $17.70 to manage risk.
Market Insight:
The moving averages are converging, signaling rising buying pressure. If $18.50 is breached, it could trigger further upside momentum as buyers take control. Watch for increased volume as a confirmation.