🔥 VTHO +28.7% and the volume tells the real story — $23.1M, that is 5.5x the average.
VeChain's gas token is having a moment. Price at $0.000902, trading well above SMA7 ($0.000751) and SMA25 ($0.000622) on the 4H. The daily chart shows price above all three moving averages including SMA99 — a full bullish alignment.
📊 The setup:
4H RSI at 77 and daily RSI at 91.5 — yes, overbought. But in strong momentum, overbought can stay overbought for days. MACD is bullish on both timeframes with positive histograms.
Long/short ratio at 1.54 suggests balanced positioning, not crowded longs.
🎯 Trade Plan (Long — Momentum):
• Entry: $0.000850 – $0.000954
• SL: $0.000695 (below SMA25)
• TP1: $0.000982 | TP2: $0.000974 | TP3: $0.001010
The $0.001 psychological level is the magnet here.
Is VTHO the next VeChain ecosystem play to run? Thoughts? 👇
#VTHO #VeChain #DYOR
⚠️ Disclaimer: Not financial advice. This is my personal trading analysis. Always DYOR.
VeChain's gas token is having a moment. Price at $0.000902, trading well above SMA7 ($0.000751) and SMA25 ($0.000622) on the 4H. The daily chart shows price above all three moving averages including SMA99 — a full bullish alignment.
📊 The setup:
4H RSI at 77 and daily RSI at 91.5 — yes, overbought. But in strong momentum, overbought can stay overbought for days. MACD is bullish on both timeframes with positive histograms.
Long/short ratio at 1.54 suggests balanced positioning, not crowded longs.
🎯 Trade Plan (Long — Momentum):
• Entry: $0.000850 – $0.000954
• SL: $0.000695 (below SMA25)
• TP1: $0.000982 | TP2: $0.000974 | TP3: $0.001010
The $0.001 psychological level is the magnet here.
Is VTHO the next VeChain ecosystem play to run? Thoughts? 👇
#VTHO #VeChain #DYOR
⚠️ Disclaimer: Not financial advice. This is my personal trading analysis. Always DYOR.