$VET is showing strong bullish momentum with upward potential, but caution is advised due to overbought RSI.
Short-Term Strategy:
Traders can wait for a retracement to $0.0420–$0.0430 for better entry points.
Profit-taking near $0.0500 is recommended if resistance is tested.
Risk: High RSI suggests a potential for correction, especially if buying volume weakens.
Monitor closely for any breakout above $0.04512 or a breakdown below $0.0400.
Support and Resistance Levels:
Support: $0.0400 (recent breakout level)
This level is critical for maintaining the uptrend. If the price falls below, it could test lower supports like $0.0350.
Resistance: $0.04512 (24-hour high)
Breaking this resistance could lead to the next target of $0.0500.
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