$VET
/USDT Technical Analysis and Trade Strategyđ„đŻđ
Current Price: $0.05930 (+0.63%)
24h Range: $0.05815 - $0.06412
Technical Indicators:
1. Moving Averages (MA):
50-MA (15m): Price is slightly above the 50-MA, suggesting short-term bullish momentum.
200-MA (1h): Price is hovering near the 200-MA, acting as a key support level.
2. Bollinger Bands (15m):
Price is near the midline, indicating moderate volatility and potential for upward movement toward the upper band.
3. MACD (15m):
The MACD line is above the Signal line, reflecting a continuing bullish trend.
4. SAR (Stop and Reverse):
Dots are below the price, confirming the bullish trend.
Trade Setup:
Entry Point: $0.0585 - $0.0595 (buy near support for a better risk-to-reward ratio).
Stop-Loss: $0.0575 (below recent support level).
đŻ Target Keys:
1. Target 1: $0.0620 (Minor Resistance Level)
2. Target 2: $0.0640 (24h High)
3. Target 3: $0.0665 (Next Key Resistance Level based on recent highs)
Risk Management:
Risk-to-Reward Ratio: 1:2 or better.
Capital Allocation: Moderate exposure due to Layer-1 potential and market conditions.
Summary:
This setup focuses on capturing the current bullish momentum with an entry near support and targets aligned with recent resistance levels. Confirm volume and upward momentum before entry to mitigate risk.