Technical analysis suggests $VANA is currently overbought after reaching its peak. A significant correction appears likely, presenting a potential short opportunity.
At the 1.904 peak, $VANA formed reversal candles accompanied by high selling volume 📉. The Relative Strength Index (RSI) on both H1 and M15 timeframes is overbought and showing downward momentum, signaling a strong correction towards lower EMA levels.
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📊 **Trade Plan: Short $VANA**
Entry zone: 1.759 - 1.701
TP1: 1.646
TP2: 1.589
TP3: 1.526
SL: 1.805
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Click and trade👇
(VANAUSDT)
