$VANA in Action! 🚨🔥
A short liquidation of $5,028.8 just triggered at $16.77, signaling that bears are getting squeezed out! This could pave the way for a bullish push, as buyers take control of the momentum. Here’s your full plan to trade this move effectively. 📈
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What’s Happening?
Short liquidations happen when bearish positions are forced to close, often driving the price higher.
If buying pressure increases, $VANA could rally from this key level.
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Plan for Entry (Buy Zone):
Buy Zone: $16.50–$16.80
Wait for price stabilization or bullish confirmation before entering this zone.
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Targets:
Target 1: $17.50
Target 2: $18.20
Target 3: $19.00 (if the bullish momentum continues strongly).
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Stop-Loss:
Set Stop-Loss: $16.30
Manage your risk in case the price breaks lower unexpectedly.
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Key Indicators to Watch:
1. Volume Spike: Watch for increasing volume above $16.77 to confirm buyer strength.
2. Support Levels: If $16.50 holds, it’s a solid foundation for an upward move.
3. Resistance Levels: Monitor selling pressure near $17.50; a break here could trigger more upside.
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Next Steps:
If $VANA reclaims $16.80 and trades higher, watch for bullish continuation toward $17.50 and beyond.
Be cautious if the price dips below $16.30 with strong selling pressure, as it may signal a bearish reversal.
Stay disciplined, watch the trend, and trade with confidence! 🚀
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