$VET 🚀🚀
Market Analysis and Trading RecommendationsGeneral Trend⚡⚡
The market is showing a strong upward trend supported by three main factors:
Technical Pattern:
A double bottom pattern was formed at the 0.0206 level on November 1.
On the evening of November 22, a long bullish candle was recorded accompanied by an increase in trading volume,
leading to a close at the 0.0404 level.
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Trading Volume:
The market saw a significant jump in trading volume, reaching 15,583.81 units on November 13, indicating the entry of large capital.
Since then, the trading volume has continued to rise.
Technical Indicators:
The moving averages are in a bullish position supporting the positive trend.
MACD formed a golden cross, with the histogram continuing to expand to reach 0.0005322.
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Technical levels:
Short-term resistance level: 0.0404.
Key support level on pullback: 0.0286.
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Recommendations:
Watch the resistance level 0.0404:
If it is broken, the market is expected to start a new round of upward movement.
Exploiting pullbacks: Investors are advised to follow the support level at 0.0286 as an opportunity to enter.Continue to monitor the trading volume and technical signals to ensure that the upward momentum continues
