VET/USDT Overview
Price: $0.04316 (+32.51%)
24h High: $0.04747
24h Low: $0.03171
24h Volume (VET): 3.14B
24h Volume (USDT): 124.32M
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Moving Averages:
MA(7): $0.04294
MA(25): $0.03698
MA(99): $0.03350
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Analysis:
Price Momentum: VET has shown strong bullish movement, rising 32.51% in the last 24 hours. Currently trading at $0.04316, it’s just below its 24h high of $0.04747.
Support and Resistance:
Immediate support is around $0.04294 (7-day MA).
Stronger support can be found near $0.03698 (25-day MA).
Resistance is close to $0.04747, with a potential upper limit at $0.04828.
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Strategy Considerations:
Scalping/Short-term: Entry opportunities may exist around $0.043, with targets near the resistance levels of $0.047 or higher. Consider stop-losses below $0.042.
Swing Trading: If VET breaks above $0.04747, a bullish breakout may lead to further gains. Strong support lies around $0.03698 for safer stop-losses.
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Stop-loss:
A suggested stop-loss could be set around $0.03698 to protect against a potential downside if the bullish momentum weakens.
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Market Sentiment:
VET's large volume and price increase reflect strong buying interest. However, traders should be cautious near the $0.047 resistance area, as a correction could follow the recent surge. Monitor trading volumes a
nd price action for clues on whether the uptrend will continue.
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