$VANA /USDT Trading Signal: Recovery or Continuation? 🚀

Signal Type: Long

Entry Range: $13.80 - $14.00

Take-Profit Targets:

TP1: $14.20 (Initial)

TP2: $14.50 (Extended)

TP3: $14.90 (Aggressive)

Stop-Loss: $13.40

Technical Analysis

The $VANA /USDT pair is showing signs of recovery after touching a key support level of $13.46. A bounce from this region indicates potential upward momentum.

Key Levels to Watch:

Resistance Zones:

Immediate: $14.20

Major: $14.50

Support Levels:

Initial: $13.80

Major: $13.46

Indicators Overview:

1. Moving Averages: The price has reclaimed the 7-period MA, signaling bullish intent.

2. MACD: Momentum is shifting toward the bullish zone, hinting at a potential rally.

3. RSI: Currently in neutral territory, providing room for further upside movement.

Market Observation

A successful breakout above $14.20 could propel $VANA toward $14.50 and beyond. However, a failure to hold the $13.80 support may invalidate this setup.

Trade Management Tips

Secure Partial Profits: As the price approaches TP1, take partial profits and adjust your stop-loss to breakeven.

Risk-Reward Focus: Stick to the 1:2 risk-reward ratio for a disciplined approach.

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