$VANA /USDT Trading Analysis
Current Price: $16.784
Market Sentiment: Bearish, with potential for a reversal near support zones.
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Long Trade Plan
Entry Zone:
Enter between $16.60 and $16.80, anticipating a bounce near the support.
Targets:
1. Target 1: $17.20
2. Target 2: $17.80
3. Target 3: $18.50
Stop Loss:
Place Stop Loss at $16.40 to limit downside risk.
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Short Trade Plan
Entry Zone:
Enter between $17.10 and $17.40 if the price fails to break higher resistance levels.
Targets:
1. Target 1: $16.50
2. Target 2: $16.00
3. Target 3: $15.50
Stop Loss:
Place Stop Loss at $17.60 to protect against an upward breakout.
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Observations
Key Resistance Levels: $17.80 and $18.50
Key Support Levels: $16.50 and $16.00
A break below $16.50 may accelerate bearish momentum, while a move above $17.80 could signal a trend reversal to the upside.
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Visual Chart Summary
A chart with detailed annotations including entry zones, stop losses, and targets will be created to visually represent this trading strategy.
