🚀 Technical Analysis: $VET /USDT
Current Price: $0.05255 (+6.48%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $0.05300
A breakout above this level could attract short-term buyers and push the price higher.
2. Target 2 (Mid-Term Resistance): $0.05400
Sustained momentum may lead the price to this mid-term resistance level, making it an ideal profit-taking zone.
3. Target 3 (Major Resistance): $0.05500
A move above this psychological level may confirm a long-term bullish breakout, attracting more investors.
🔻 Support Zones:
Immediate Support: $0.05200
Holding this level is critical to maintain the current bullish structure.
Critical Support: $0.05150
A breach below this level could trigger further bearish action.
📈 Strategy:
Entry Zone: Consider entries near $0.05200–$0.05250 or after a breakout above $0.05300.
Profit Zones: Book partial profits at $0.05300, $0.05400, and $0.05500.
Stop Loss: Place below $0.05150 to minimize downside risk.
🔍 Insights:
Trend: The chart indicates an upward trend, supported by recent gains.
Volume Analysis: A surge in buy volume can validate a breakout above resistance levels.