$VANRY is currently forming a symmetrical triangle on the 4 hour chart which is a sign of consolidation.
This setup often leads to a strong price breakout either upward or downward depending on volume and market momentum.
Let’s break it down step by step.
Key Levels and Breakout Insight.
Buy Zone. Between $0.152 and $0.155.
Resistance Levels (Targets).
1. First Target. $0.165.
2. Second Target. $0.174.
3. Third Target $0.185.
Stop Loss. $0.148 (Below recent support to minimize risk).
Why the Symmetrical Triangle Matters.
This pattern indicates a battle between buyers and sellers which could lead to a breakout.
A bullish breakout will occur if Vanry pushes above the upper trendline with strong volume.
On the other hand failure to hold support may lead to a drop.
How to Trade This Setup.
1. Wait for Confirmation. Watch for a 4 hour candle to close above $0.155 with increasing volume.
2. Enter a Buy Position. If confirmed buy near $0.155 to benefit from upward momentum.
3. Set Stop Loss. To protect your capital place a stop loss at $0.148.
4. Watch for Targets. Scale out your position at $0.165, $0.174 and $0.185 to lock in profits gradually.
Final Thoughts.
Vanry is showing strength and the symmetrical triangle signals a possible big move.
Keep an eye on volume and price action at the breakout level.
If bullish momentum kicks in these targets could be hit swiftly.
Manage your risk with stop loss and stick to the plan.
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