Long
TA on VeChain ($VEN)
VeChain (
VEN) got dumped from 60k sats to around 45k sats after the rebranding event. This is pretty normal because people buy the rumours/news and sell when the event happens.
However, i thinkVEN is finding support at around 45k sats based on TA and previous support point. But there seem to be alot of bagholders for VEN and potentially it might go lower and hit its key support line at 37k sats. If it drops to 37k sats, i think it will be a very good entry point with good reward:risk ratio. However, i think entry point would be between 37k sats (Safe) - 45k sats for VEN if you want to enter during the dip now.
VEN) got dumped from 60k sats to around 45k sats after the rebranding event. This is pretty normal because people buy the rumours/news and sell when the event happens.However, i think
VEN is finding support at around 45k sats based on TA and previous support point. But there seem to be alot of bagholders for VEN and potentially it might go lower and hit its key support line at 37k sats. If it drops to 37k sats, i think it will be a very good entry point with good reward:risk ratio. However, i think entry point would be between 37k sats (Safe) - 45k sats for VEN if you want to enter during the dip now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.