$VANA analyze the VANA/USDT chart and discuss potential entry, stop-loss, and profit target levels.
Technical Analysis:
Entry Price:
Conservative Entry: Wait for a clear bullish reversal signal like a higher high and higher low formation or a bullish engulfing candle. You could also consider entering on a pullback to the 28.34 level.
Aggressive Entry: Enter at the current price of 30.797, assuming the bullish trend continues.
Stop-Loss:
Conservative Stop-Loss: Place the stop-loss below the recent swing low (around 22.867) to limit potential losses.
Aggressive Stop-Loss: Place the stop-loss slightly below the entry price (e.g., 30.50).
Profit Targets:
Short-Term Target: Aim for a profit target of 5-10% from your entry price. This could be around 32.33 - 33.84.
Intermediate-Term Target: Consider a target near the 33.00 level, which represents a significant resistance level.
Long-Term Target: If the overall market sentiment remains bullish, you could set a longer-term target near the 35.00 level.
Key Levels:
Resistance: 33.00, 35.00
Support: 28.34, 22.867$VANA