technical analysis for $VANA /USDT, along with trade signals and target levels:🔥🔥🔥

Technical Analysis:

Current Price: $18.75

Trend: Bullish momentum observed with an 8.90% increase over the past 24 hours. The price is above the 24-hour low of $17.12, indicating a healthy uptrend.

Support Levels:

Primary Support: $17.12 (24h Low)

Secondary Support: $18.00 (Psychological level)

Resistance Levels:

Primary Resistance: $20.295 (24h High)

Secondary Resistance: $19.80 (Recent price consolidation area)

Trade Signal:

Buy Signal: If price breaks above $19.40 and closes above that level, indicating strong momentum toward the resistance zone.

Sell Signal: If price drops below $17.50, showing signs of a bearish reversal.

Target Levels (with three target points):

1. Target 1 (Initial Target): $19.80 - Resistance zone. A logical first target based on recent price action.

2. Target 2 (Medium-term Target): $20.30 - Breaking past the high from 24 hours would signify strong bullish momentum.

3. Target 3 (Long-term Target): $22.00 - If the trend continues upwards with strong buying pressure, this is a potential target.

Trade Momentum:

Strong Bullish Momentum: Price is trending upwards with good volume (59.54M USDT traded in the last 24 hours). The break above $19.40 would confirm continuation of the bullish momentum.

Risk Management: Keep a stop-loss just below $17.50 to minimize risk in case of a trend reversal.

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