$VANA /USDT Technical Analysis
Current Price: $16.98
Timeframe: 30m (Binance)
Key Levels:
1. Target 1: $17.50
Immediate resistance level. A break above this confirms bullish continuation.
2. Target 2: $18.20
A significant zone aligned with prior support-turned-resistance. Look for a retest if breached.
3. Target 3: $19.00
Long-term bullish target and key psychological level.
Analysis:
Trend: Recovery phase after a consolidation period. Current bullish momentum signals potential breakout.
Volume: Increasing volume supports upward movement.
Support Level: $16.50 (current local support)
Action Plan:
Short-Term Traders: Consider taking partial profits at $17.50 and adjusting stop-loss to $16.80.
Long-Term Traders: Hold positions towards $19.00 with risk managed below $16.50.
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