$VET #VET 📉
Direction: SHORT
Entry zone: 0.00508 to 0.00515
Stop loss: 0.00528
Target 1: 0.00495
Target 2: 0.00480
VeChain is trading near 0.00511 dollars, down 2.16 percent in 24 hours, inside a range of 0.00507116 to 0.0053409 dollars, and the recent closes show it flat at the low, 0.00511145, then 0.00511408, then 0.0050956, then 0.00510547, then 0.0050869. 🔴 My reading is that VET is pinned near its 24 hour low, because five closes stuck around 0.0051 dollars with no bounce tells you buyers are waiting lower, and the whole alt market is bleeding while Bitcoin dominance sits near 59.5 percent. A short from the current zone, with a stop above 0.00528, targets 0.00495 first and then 0.00480 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does VET break 0.00495 today, or reclaim 0.00528 first? 🤔
Follow for more trades.
#VeChain #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.00508 to 0.00515
Stop loss: 0.00528
Target 1: 0.00495
Target 2: 0.00480
VeChain is trading near 0.00511 dollars, down 2.16 percent in 24 hours, inside a range of 0.00507116 to 0.0053409 dollars, and the recent closes show it flat at the low, 0.00511145, then 0.00511408, then 0.0050956, then 0.00510547, then 0.0050869. 🔴 My reading is that VET is pinned near its 24 hour low, because five closes stuck around 0.0051 dollars with no bounce tells you buyers are waiting lower, and the whole alt market is bleeding while Bitcoin dominance sits near 59.5 percent. A short from the current zone, with a stop above 0.00528, targets 0.00495 first and then 0.00480 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does VET break 0.00495 today, or reclaim 0.00528 first? 🤔
Follow for more trades.
#VeChain #Crypto #FuturesTrading #TradingSignals
