$FTM - bearish breakout confirmed 📉
For some reason the bear pressure is strong, probably a bad news cooking!

Stay out for now! 🚨

#ftm #trading #Alert🔴

$VANA /USDT: Strong Rebound with Upward Momentum

Current Price: $17.28
24-Hour High: $17.59
24-Hour Low: $14.60

VANA has shown a remarkable recovery from its intraday low of $15.05, climbing to its current level of $17.28 with a gain of +5.70% in the past 24 hours. The recent surge in price suggests increasing buying pressure and renewed bullish sentiment.

Key Levels to Watch:

Resistance Levels:

1. $17.60: Immediate resistance; a breakout above this level could fuel further upward momentum.

2. $18.20: Next significant resistance zone, where profit-taking might occur.

Support Levels:

1. $16.50: Immediate support level; a fallback to this zone could provide a re-entry point for buyers.

2. $15.00: Critical support level that needs to hold to maintain the bullish trend.

Trade Setup:

Long Entry: Around $16.90–$17.10 on potential pullbacks.

Targets:

1. $17.60 (short-term)

2. $18.20 (mid-term)

3. $19.00 (extended upside)

Stop-loss: Below $16.50 to limit downside risks.

Market Insight:

The sharp rebound from $15.05, coupled with increasing volume, suggests strong buying interest. Indicators like RSI point to a potential overbought condition, signaling possible short-term consolidation before another leg up. If the price sustains above $17.60, it could trigger a breakout rally toward $18.20 or higher.

Pro Tip:

Consider scaling out profits at $17.60 while keeping a portion of the position open for higher targets.

Monitor trading volume closely; declining volume near resistance could signal a reversal.

Use tight stop-losses, especially as the price approaches critical resistance zones.

Stay cautious and plan your trades with proper risk management to navigate the volatility effectively.