technical analysis and trade signal for the $VANA /USDT pair:

Current Price: $17.56 (+1.92%)

Support Level: $16.65

Resistance Level: $17.72

Key Indicators:

24h Volume: 27.42M USDT, which shows decent liquidity.

Depth: 2.178%, suggesting strong buy pressure in the market.

Recent Price Action: The price has shown a bullish trend, bouncing off the 24h low of $16.65 and climbing toward the resistance at $17.72.

Trade Signal:

Buy Signal:

Entry Point: $17.60 (Just above current price, confirming a breakout)

Target Levels 🎯:

1. Target 1: $18.00

Reason: The price is likely to reach this level after breaking through immediate resistance.

2. Target 2: $18.40

Reason: This level aligns with the mid-term trend and is a key resistance zone in the past price action.

3. Target 3: $18.75

Reason: A higher level of resistance in the bullish momentum, likely to be reached if the buying pressure sustains.

Stop Loss:

Level: $16.50

Reason: If the price falls below this point, the bullish momentum may be invalidated, and further downside can be expected.

Trade Momentum:

The market shows strong upward momentum with a +1.92% increase in price over the last 24 hours.

Buy momentum is supported by a higher trading volume (27.42M USDT) and a depth of 2.178%, indicating stronger buying pressure.

We could see a continuation of this uptrend if the price remains above the support at $16.65 and breaks through resistance at $17.72.

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