$VANA /USDT Technical Analysis and Trade Signal

Current Price: $17.26 (+4.02%)

The market indicates positive momentum with strong buying interest, as shown by a 4.02% price increase. Here’s the technical breakdown:

Support Levels:

$16.50 (Key support, near 24h low)

$15.80 (Strong historical support)

Resistance Levels:

$17.70 (Near 24h high, immediate resistance)

$18.20 (Psychological resistance)

Indicators Overview:

RSI: Near 65, approaching overbought but still bullish.

MACD: Showing a bullish crossover, indicating upward momentum.

Volume: 24h volume is strong, supporting price action.

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Trade Signal 🎯

Entry:

Long position above $17.30 after confirming a breakout with volume.

Targets:

1. Target 1: $17.70 (Short-term resistance)

2. Target 2: $18.20 (Next resistance level)

3. Target 3: $19.00 (Extended bullish momentum target)

Stop Loss:

Place a stop loss at $16.50 (below key support) to manage risk.

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Trade Momentum:

Bullish Trend: Confirmed by higher highs and strong volume.

Ideal Strategy: Buy on dips near $17.00–$17.30 and aim for gradual take-profits at target levels.

Keep an eye on market sentiment and Bitcoin’s movement, as it can influence VANA/USDT momentum.

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