$VANA #vana Commentary on VANA/USDT:
Currently, VANA is trading at 16,287 USD, down 11.15% in the past 24 hours. The highest and lowest prices of the day are 18,729 USD and 15,980 USD, respectively. The trading volume reached 2.22 million VANA, indicating that the market is in a correction phase after recent strong fluctuations.
Technical analysis:
Based on the 4-hour chart, the price is fluctuating in the accumulation zone between the support level around 15,500 USD and the resistance at 18,500 USD. The Bollinger Bands indicate a contraction, signaling the potential for a breakout, but the current trend is still unclear.
Support: 15,500 USD - this is a strong support zone; if the price falls below this level, the risk of further deep adjustment will increase.
Resistance: 18,500 USD - this is the level that the price needs to surpass to confirm a short-term uptrend.
The trading volume is gradually decreasing in the accumulation phase, indicating investor hesitation and could lead to significant volatility in the near future.
Advice if you want to invest:
1. Partial disbursement:
Start disbursing 20-30% of capital at the current price range of 16,200-16,500 USD.
If the price drops to 15,500 USD (support), an additional 30-40% of capital can be disbursed.
Keep the final portion of capital to buy more if the price surpasses the resistance level of 18,500 USD.
2. Risk management:
Set a stop-loss at 15,000 USD to protect capital in case of a significant price drop.
You should not use all your capital for a single trade; maintain a diversified portfolio to reduce risks.
3. Monitor breakout signals:
If the price breaks through the resistance zone of 18,500 USD with high trading volume, the uptrend may be confirmed. At that point, the next price targets will be 20,000 USD or 24,000 USD.
4. Market sentiment during volatility:
Maintain composure, do not panic when the price adjusts in the short term.
Focus on long-term goals and only make decisions based on a predetermined strategy.
With the above factors, VANA could be an opportunity if capital and risk are managed reasonably, especially when the market is currently in an accumulation phase before a potential volatility.
