$VET down 97% from ATH. Macro accumulation zone or dead money?
The setup:
• ATH: $0.2798 (2021)
• Current zone: $0.004950 - $0.003767 (HTF demand block)
• Already pumped 70% in 2 weeks
• Breakout confirmation: sustained 2W close above $0.00813
• Invalidation: 2W close below $0.00344
Historical context matters here. Post-COVID 2020, $VET broke out from a similar multi-year base and ran 3,600%. From the March 2020 bottom, it eventually hit 17,500%.
Now sitting at a similar structural inflection point after years of distribution and correction.
Bull targets if structure holds:
$0.02 / $0.05 / $0.09 / $0.2798+
The catch: Already vertical. Chasing here is low IQ. A 20-40% retrace into the HTF accumulation block would offer way better R/R for a defined entry.
If you're watching $VET, you're not looking for a quick flip. You're positioning for a potential cycle-defining move if the macro breakout confirms.
Risk management is everything. Invalidation level is clear. Upside is asymmetric if this plays out.
TA only. DYOR.
The setup:
• ATH: $0.2798 (2021)
• Current zone: $0.004950 - $0.003767 (HTF demand block)
• Already pumped 70% in 2 weeks
• Breakout confirmation: sustained 2W close above $0.00813
• Invalidation: 2W close below $0.00344
Historical context matters here. Post-COVID 2020, $VET broke out from a similar multi-year base and ran 3,600%. From the March 2020 bottom, it eventually hit 17,500%.
Now sitting at a similar structural inflection point after years of distribution and correction.
Bull targets if structure holds:
$0.02 / $0.05 / $0.09 / $0.2798+
The catch: Already vertical. Chasing here is low IQ. A 20-40% retrace into the HTF accumulation block would offer way better R/R for a defined entry.
If you're watching $VET, you're not looking for a quick flip. You're positioning for a potential cycle-defining move if the macro breakout confirms.
Risk management is everything. Invalidation level is clear. Upside is asymmetric if this plays out.
TA only. DYOR.
