VANA/USDT: Symmetrical Triangle Pattern Suggests Possible Bearish Breakout 📉
VANA/USDT is currently trading within a symmetrical triangle pattern, a neutral chart formation often leading to a breakout.
However, recent market signals and trendline behavior suggest a bearish breakout may be on the horizon.
Key Observation:
Volume: Declining, a typical precursor to a breakout
While symmetrical triangles can break in either direction, my analysis leans towards a bearish resolution. Traders should watch for a breakdown below the lower trendline with volume confirmation, setting short targets at key support levels and managing risk carefully.