$VANA
Despite the negative price movement, there is still strong trading activity, with high trading volume, which shows that liquidity is good.Support and Resistance LevelsSupport:$15.75 (24h Low): This level is acting as a key support, and if the price tests it again, it could signal buying interest around this point.$16.00: A secondary support level that may help stabilize the price in case of a further decline.Resistance:$16.33: This has been a recent resistance level, and the price could struggle to break above this point in the near term.$16.50: The 99-day moving average (MA(99)) serves as a strong resistance level that could limit upward movement.Trend AnalysisShort-Term: The price shows a slight downward movement in the short-term, with the current price sitting at $16.31 and a 3.86% drop in the last 24 hours.Medium-Term: The price fluctuated within the $15.75 to $17.49 range, showing a period of moderate volatility and neutral market sentiment.Long-Term: The long-term outlook remains neutral, with price stability around the 7-day moving average.Trading StrategyShort-Term Trading:Bearish Continuation: If the price breaks below $15.75, there could be further downward movement towards $15.50 or lower.Range Trading: For traders looking to capitalize on the price range, consider buying near $15.75 (support) and selling near $16.33 (resistance).Stop-Loss:For short positions, set a stop-loss at $16.50 or slightly above $16.33 to minimize risks.For long positions, place a stop-loss below $15.75 to protect against further downside if the price dips below support.Take-Profit:For short positions, target the $15.75 support level or below.For long positions, aim for $16.33 or a potential breakout above $16.50.Indicators to Monitor:Volume: Watch for spikes in volume, which could signal a trend reversal or price breakout.RSI: Keep an eye on the RSI for overbought or oversold conditions. A RSI above 70 may indicate overbought conditions, while a RSI below 30 could signal oversold conditions.