$VET Short Liquidation: $25.264K at $0.04742
🚨 Market Update:
Liquidation Type: Short
Liquidation Value: $25,264
Liquidation Price: $0.04742
💹 Market Insight:
VeChain has surged, forcing short liquidations and signaling strong bullish momentum.
If buyers continue to dominate, VET could test higher resistance levels in the short term.
🔥 Trading Strategy:
Entry Point: Enter near $0.04750, aligning with the upward momentum.
Target 1: Look for the first resistance at $0.04950, offering a potential 4.2% gain.
Target 2: If momentum builds, aim for $0.05200, a major resistance level.
Stop Loss: Place a stop-loss at $0.04650 to limit downside risk.
💥 Critical Levels to Monitor:
Support Zone: $0.04680 acts as a strong support level. A drop below this could trigger a pullback to $0.04500.
Breakout Potential: A clear move above $0.04950 could ignite a rally toward $0.05500, supported by renewed buying interest.
🔔 Pro Tip:
Watch the trading volume! High volume near $0.04750 confirms bullish strength, while declining volume near resistance suggests caution.
Stay flexible and adjust your strategy based on market conditions.