Trading setup for $VANA /USDT
Technical Levels:
1. Support Levels:
21.13: Intermediate support.
10.33: Strong support zone (near historical low at 1.00).
💀2. Resistance Levels:
30.46: Immediate resistance (current high).
31.93: Next resistance level above the current range.
🐻❄️Trading Set-Up:
⤴️⤴️1. Long Position (Bullish Setup):
Entry Point: After a breakout and close above 30.46.
🎯Target:
First target: 31.93.
Second target: 35.00 (psychological level beyond resistance).
Stop Loss: Below 29.00 (minor dip after resistance test).
Risk/Reward: 1:2 or better.
Market Insight: VANA has shown parabolic price movement, rising sharply from 1.00 to 30.00. If bullish momentum persists with volume, breakout trades can trigger further upside.
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⤵️⤵️2. Short Position (Bearish Setup):
Entry Point: On rejection or bearish confirmation below 30.46.
🎯Target:
First target: 21.13 (intermediate support).
Second target: 10.33.
Stop Loss: Above 31.00 (to avoid false breakouts).
Risk/Reward: 1:2 or better.
🚀Market Insight: If rejection occurs at resistance 30.46, the market may retrace sharply, as the move from 1.00 is unsustainable without consolidation.
🐖Volume and Market Behavior:
The Volume Surge at the bottom indicates massive buyer interest.
Look for increasing volume on a breakout for confirmation.
Any reduction in buying interest near resistance can signal a reversal.
Long Position above 30.46 → Targets 31.93 / 35.00.
Short Position below 30.46 → Targets 21.13 / 10.33.
Tight stops are critical given the extreme volatility in VANA.
Trading Tip: Monitor volume closely and trade with discipline; avoid emotional decisions during such high momentum moves.