$VET Here’s a simple and detailed breakdown for VET based on the short liquidation at $1.321K at the price of $0.04696.

VET Short Liquidation.

Amount Liquidated: $1.321K

Price at Liquidation: $0.04696

When a significant short liquidation happens, it can signal a potential price movement in the opposite direction of the short positions. Traders who were betting against the price of VET have been forced to close their positions, which often leads to a price increase as they buy back into the market. This could create a bullish scenario for VET.

What’s Next for VET.

Bullish Momentum Potential.

After the liquidation, there is a possibility for a price bounce or continued upward movement if buying pressure from liquidations fuels the market.

Buy Zone.

First Buy Zone.

Around $0.04500 - $0.04550 this area is crucial for entry if there’s a pullback.

Second Buy Zone.

If the price drops further, look for opportunities near $0.04300 - $0.04350, which could act as a support level for a potential reversal.

Target Levels.

First Target.

$0.05100 A good initial target, considering a moderate price rise from current levels.

Second Target.

$0.05500 A more aggressive target if the bullish momentum continues after the liquidation.

Stop Loss.

Stop Loss Zone.

Set a stop loss at $0.04200 to protect your position in case the market goes against you. This is slightly below the second buy zone, ensuring a small loss if things don't go as expected.

Risk Reward.

The risk reward ratio seems favorable here. If you enter at $0.04500 and aim for the first target of $0.05100, you are looking at a potential 1:2 risk reward ratio, which is generally a good strategy in trading.

Key Takeaways.

Watch for a potential upward movement following the short liquidation.

Look for buy opportunities in the ranges mentioned and set your targets accordingly.

Always ensure you have a stop loss in place to limit potential losses.

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