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MyCryptoParadise_Nathan
Mar 20, 2024 12:55 PM

Keeping an Eye on $VET! ๐Ÿ“ˆ Potential Bullish Move Amid Pullbackย 

VeChain / TetherUSBinance

Description

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๐Ÿ’ŽVET is currently exhibiting a bullish market structure and undergoing a pullback.

๐Ÿ’ŽIf VETUSDT demonstrates an Internal Change of Character (I CHoCH), it could indicate a bullish move, especially since it has touched the previous resistance zone, which may now act as support after being broken.

๐Ÿ’ŽIn the event of a breakdown below this zone, a bounce can be expected from the supportive trendline, but confirmation is necessary before making any bullish decisions.

๐Ÿ’ŽHowever, if both of these key bullish levels are breached, it would be considered a bearish scenario. It's advisable to refrain from trading until clearer price action for the bearish side emerges.
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