$VANA /USDT Trading Analysis
Current Price: $18.10
The chart suggests a consolidation zone after a recent correction from a high of $20.50. The current price is near a support level, providing opportunities for both long and short trades.
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š Long Trade Setup
Entry Zone: $18.00 - $18.20
Target 1: $18.80
Target 2: $19.50
Target 3: $20.20
Stop Loss: $17.70
Observation: A bounce from the current support level could lead to a recovery towards the upper resistance zones.
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š Short Trade Setup
Entry Zone: $18.30 - $18.50
Target 1: $17.50
Target 2: $17.00
Stop Loss: $18.70
Observation: A break below the $18.00 support may trigger further downside momentum.
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Market Behavior Insights
The recent sell-off indicates profit-taking at higher levels.
Watch for volume spikes near $18.00 to confirm the support level's strength.
Key resistance zones to monitor: $19.50 and $20.50.
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