$VANRY /USDT on the 4-Hour Chart 🚨
Current Overview: VANRY/USDT has experienced a significant upward trend on the 4-hour chart, marking a notable 22.51% gain in recent trading sessions. The price has reached new highs but is currently experiencing a minor pullback, indicating potential consolidation or a continuation pattern. Volume has shown a substantial increase, hinting at heightened trader interest and potential upcoming volatility.
Current Price: 0.0887
📊 Trade Setup:
Entry Price: 0.0892 (above the current price to confirm upward momentum)
Stop Loss Level: 0.0840 (to limit downside risk)
💡 Critical Levels:
Resistance Levels:
First Resistance: 0.0919 (24-hour high and immediate test level)
Second Resistance: 0.0950 (next significant hurdle)
Third Resistance: 0.1000 (psychological level for potential profit-taking)
Support Levels:
Immediate Support: 0.0850 (recent consolidation zone)
Secondary Support: 0.0800 (key support from prior resistance breakout)
🎯 Take-Profit Targets:
1. First Take-Profit Target: 0.0919
2. Second Take-Profit Target: 0.0950
3. Third Take-Profit Target: 0.1000
⚠️ Cautionary Note:
Traders should be vigilant and watch the trading volume, currently noted at 23.805M. Sustained or increasing volume above this level would support further bullish movement. However, if volume decreases and the price begins to stall below 0.0887, this could indicate a reversal or pause in momentum. Keep an eye on price action near the 0.0850 support level for signs of potential weakness or consolidation.
