🚀 $VET is showing a potential technical setup!
The weekly chart on Bybit for VET/USDT highlights a prolonged macro downtrend forming a falling wedge base with early signs of a bullish reaction from the 0.00500 support region.
📈 The Technical Setup:
• The Pattern: Falling Wedge Reversal
• Short-term Target: 0.02000
• Macro Objective: 0.07000
• Market Structure: Reversal/Accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.00500 - 0.00600 range
• Resistance: 0.02000
• Breakout Level: 0.01000
• Stop Loss / Invalidation: 0.00450
📊 Confirmation:
• Volume: Standard volume during base formation
• Momentum: Bullish weekly green candles emerging from lows
• Trend: Early reversal structure formation
⚠️ Invalidation:
A weekly close below the 0.00450 level would break the base and invalidate the current setup.
Key level to watch as price attempts to confirm a macro trend reversal.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#VET #crypto #BinanceSquare #binan #TechnicalAnalysis
The weekly chart on Bybit for VET/USDT highlights a prolonged macro downtrend forming a falling wedge base with early signs of a bullish reaction from the 0.00500 support region.
📈 The Technical Setup:
• The Pattern: Falling Wedge Reversal
• Short-term Target: 0.02000
• Macro Objective: 0.07000
• Market Structure: Reversal/Accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.00500 - 0.00600 range
• Resistance: 0.02000
• Breakout Level: 0.01000
• Stop Loss / Invalidation: 0.00450
📊 Confirmation:
• Volume: Standard volume during base formation
• Momentum: Bullish weekly green candles emerging from lows
• Trend: Early reversal structure formation
⚠️ Invalidation:
A weekly close below the 0.00450 level would break the base and invalidate the current setup.
Key level to watch as price attempts to confirm a macro trend reversal.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#VET #crypto #BinanceSquare #binan #TechnicalAnalysis
