🔥 $VET LONG LIQUIDATION ALERT! 🔥
A massive $12.50K long position has been liquidated at $0.04715! Bulls were caught off guard, and the market is now at a crossroads. Will we see a sharp recovery or further downside? Here’s your detailed breakdown:
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📊 Key Levels for $VET
Buy Zone: $0.04500 - $0.04700 (look for signs of support in this range)
Target 1: $0.05000 (initial target for a recovery)
Target 2: $0.05300 (stronger resistance level if momentum picks up)
Stop Loss: Below $0.04400 (to protect against further downside)
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What’s Next for $VET?
1️⃣ Bullish Case: If the price holds the buy zone, we could see $VET make a move towards $0.05000, with potential for a breakout toward $0.05300 if bullish momentum continues.
2️⃣ Bearish Case: If the sell-off continues and the price drops below $0.04500, the next major support lies around $0.04300, which could trigger further downward pressure.
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Market Sentiment:
This long liquidation indicates that some traders may have over-leveraged, creating a possible opportunity for those ready to buy the dip. Keep a close watch on volume and price action around $0.04500 for confirmation of the next move.
⚠️ Pro Tip: Always trade with caution—use your stop-loss and stick to your strategy. The market can turn quickly, so don’t chase price! Stay focused and trade smart. 🚀
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