$VET Analysis: Potential for a Big Move Ahead.
$VET is showing signs of a bullish breakout as it trades inside a descending triangle formation on the 2 hour timeframe.
This pattern often signals the final stages of consolidation before a major price movement.
If buyers manage to push $VET above the resistance zone the price could surge 50% or more from the current levels creating an exciting opportunity for traders.
Here’s the detailed breakdown:
Buy Zone:
Watch for breakout confirmation above $0.0175.
Place buy orders between $0.0175–$0.0180 once the breakout is confirmed.
Target Levels:
1. First Target (Short-Term): $0.0200
2. Second Target (Mid-Term): $0.0225
3. Final Target (Long-Term): $0.0250 (Potential 50% rally).
Stop Loss:
A good stop loss level is below the support zone at $0.0160.
Key Levels to Watch:
Resistance: $0.0175 (breakout level)
Support: $0.0160 (strong demand zone)
Market Sentiment:
The overall market looks positive, with increasing buying pressure for $VET.
A breakout above $0.0175 could bring strong momentum as bulls take control.
Risk Management:
Always manage your position size and don’t invest more than you can afford to lose.
Monitor market conditions and adjust your strategy if needed.
#VET/USDT #BinanceAlphaTop5 #MarketPullback #MarketCorrectionBuyOrHODL? #USUALTradingOpen