VeChain (VET/USDT) Weekly Technical Analysis: Strategic Buy Zone
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Overview : VeChain (VET) remains in a bullish trend with a critical support zone at $0.042 - $0.094, presenting a prime opportunity for accumulation.
Key Levels :
Support Zone : $0.042 - $0.094 (Fibonacci 0.5-0.618)
Resistance Levels : $0.10, $0.14, $0.162, $0.252, $0.288
Technical Insights :
1️⃣ Strong Fibonacci Retracement Zone suggests upward momentum.
2️⃣ A breakout above $0.10 can pave the way for a rally towards $0.162 and $0.252.
3️⃣ Risk management is essential; a break below $0.042 could invalidate the bullish setup.
Strategy :
Accumulate gradually in the $0.042 - $0.094 support range using DCA.
Target : Short-term $0.10, Mid-term $0.162, Long-term $0.252+.
Pro Tip : Watch for volume surges; they often signal trend confirmation.
Conclusion : VeChain's current setup offers a high-reward opportunity for disciplined investors. Maintain a structured approach, and ride the bullish wave to capitalize on its growth potential.