kazimusman

VETUSDT Bullish scenario

Long
BINANCE:VETUSDT   VeChain / TetherUS
VET is approaching towards the the main resistance around 0.153-0.158 which VET couldn't able to break after MAY 19 dump. Keep a close eye on that region and if VET manages to close daily candle above that region then you can open a long position up to 0.19 or more depending on your risk factor. I am not a fan of patterns but as you can see inverse head and shoulder also indicating that price will eventually cross that crucial area and hopefully will confirm it as support. Safe play would be to wait for the support confirmation above 0.153-0.158 and then enter a long position.

Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and Happy trading!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.