TradingView
crypto_angelz
Jul 20, 2020 9:07 PM

Slight Retracement but Overall Trend is Bullish Long

VeChain / TetherUS PERPETUAL CONTRACTBinance

Description

After failing to breach repeatedly key resistance in 0.02 USDT level, VETUSDT is currently retracing into lower levels as it broke below 100 moving average

Long term trend remains bullish, for this reason, entry point at 0.0153 area works well as it sits into a key resistance and on 0.5 Fibonacci retracement. Failure to hold on that level might trigger a further downward spiral targeting 0.0137-0.013 where 200 MA sits

Buy at 0.0153 area
TP: 0.01668-0.01792-0.01865-0.01997-0.0222

Leverage 5-10x
More