VETUSDT Descending Channel: Potential Breakout or Breakdown?Yello, Paradisers! Have you been keeping an eye on VETUSDT? The market is at a critical juncture, and you don't want to miss out. Let's dive in!
💎VETUSDT has formed a descending channel and recently bounced from a bullish order block after taking liquidity, increasing the probability of a bullish move.
💎For a confirmed bullish move, we need a breakout of the descending channel and the resistance zone together. This will significantly increase the probability in our favor.
💎If a pullback occurs, we might see a potential double bottom forming from the bullish order block. However, we need an I-CHoCH (Internal Change of Character) in lower time frames to confirm a bullish market structure.
💎If there is a breakdown of the bullish order block and a candle closes below it, our bullish scenario will be invalidated.
Remember, the market is a game of patience and strategy. Stay focused, Paradisers!
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