VANRY/USDT : Awaiting Bullish Pivot on the 4-Hour Chart
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The VANRY/USDT pair is showing mixed signals across different time frames, with potential for bullish momentum once a pivot is confirmed on the 4-hour chart. The setup presents an opportunity for traders to capitalize on a reversal, but caution is advised until clear confirmation is observed.
Key Observations Across Time Frames :
Weekly Chart (1W) :
Resistance : $0.2405 (strong resistance zone).
Current Price : $0.1495 (-12.21% from weekly highs) .
Indicators suggest a long-term consolidation phase, with bullish potential above $0.20.
Daily Chart (1D) :
Support Levels : $0.1447 and $0.1156.
Momentum remains neutral; a breakout above $0.15 could drive further gains.
4-Hour Chart (4H) :
Focus Level : $0.1532 as immediate resistance.
A bullish pivot above this level could confirm upward momentum toward $0.20.
1-Hour Chart (1H) :
Short-term pullback observed, with price testing $0.1495.
RSI near oversold territory, indicating potential recovery.
Trading Strategy :
Wait for Confirmation : Entry should be considered only after a confirmed pivot on the 4-hour chart, ideally above $0.1532.
Stop-Loss : Set below $0.1447 to manage downside risk.
Targets :
Target 1 : $0.16 (short-term resistance).
Target 2 : $0.20 (key breakout level).
Conclusion :
The VANRY/USDT pair offers a high-risk, high-reward opportunity. Traders should monitor the 4-hour chart closely for a bullish pivot and ensure confirmation before entering positions. The weekly resistance at $0.2405 remains a long-term target if momentum strengthens.
Pro-Tip for Investors :
Risk Management : Avoid overleveraging and maintain strict stop-loss levels.
Volume Confirmation : Higher trading volume at breakout levels will validate bullish momentum.
Patience is Key : Jumping into the trade without confirmation could lead to losses during potential false breakouts