$VANA /USDT: Retracement Buy Setup
1. Entry Point: $20.80 (confirmation above support)
2. Take Profit Targets:
TP1: $22.00
TP2: $23.00
TP3: $23.50
3. Stop Loss: $19.80
4. Technical Insight: A bullish rally has retraced to key support at $20.50. If the price breaks above $20.80, further upside momentum is expected.
5. Trend Outlook: A potential higher low formation indicates strong upward continuation.
6. Risk-Reward Ratio: 1:3 at TP1; aligns with favorable trade setups.
7. Volume Confirmation: Watch for increasing buy volume for added confidence in the breakout.
8. Trailing Stop Suggestion: Shift stop loss to $20.50 once TP1 is hit.
9. Timeframe: Short-to-medium term trade; ideal for momentum traders.
10. Note: Always diversify risk and secure profits at each target.