$VANA
/ Price Action Update 🔥💯
Current Price: $17.229 (-1.07%)
24-hour Change: +7.69%
📈 Analysis:
The chart reflects a strong bullish momentum with a peak near $18.39 before returning to the current support area around $17.20. The price showed an upward breakout followed by a short-term correction. The purple area around $17.20 - $17.50 acts as a key support/resistance point.
🚦 Trading Opportunities
✅ Long Entry:
• Entry near $17.00 - $17.20 with a target of $18.00 and extend to $19.00 if the bullish momentum continues.
• Stop Loss: Place it below $16.50.
❌ Short Entry:
• Consider short selling if the price drops below $16.80, target $16.00 for quick gains.
• Stop Loss: Above $17.50.
📊 Next Step:
1. A break above $18.00 signals a continuation towards $19.50 - $20.00.
2. Failure to hold $17.00 could lead to further decline, testing $16.00 - $15.50 levels.
🎯 Lock in partial profits at key levels and set stop loss to manage risk