VETUSDT is exhibiting a bullish divergence
on the 4-hour timeframe, suggesting a
potential reversal in the prevailing downtrend.
Furthermore, the price has successfully breakout of 4h Tf Falling Wedge also its
breaked its lower high level and established a
higher high, indicating a strengthening bullish
momentum.
Based on this analysis, a trading strategy can
be outlined as follows:
Entry: Consider entering a long position at the
current market price of $0.03649
Stop Loss (SL): Place a stop loss order at
$0.03260 to manage risk and mitigate potential losses
Take Profit (TP): Set take-profit levels to
achieve a 1:1, 1:2 risk-reward ratio:
TP1: Set the first take-profit level at $0.04030
TP2: Aim for the second take-profit level at
$0.04420
This trading strategy anticipates a bullish
reversal based on the identified bullish
divergence and the breakout above the lower
high level.
on the 4-hour timeframe, suggesting a
potential reversal in the prevailing downtrend.
Furthermore, the price has successfully breakout of 4h Tf Falling Wedge also its
breaked its lower high level and established a
higher high, indicating a strengthening bullish
momentum.
Based on this analysis, a trading strategy can
be outlined as follows:
Entry: Consider entering a long position at the
current market price of $0.03649
Stop Loss (SL): Place a stop loss order at
$0.03260 to manage risk and mitigate potential losses
Take Profit (TP): Set take-profit levels to
achieve a 1:1, 1:2 risk-reward ratio:
TP1: Set the first take-profit level at $0.04030
TP2: Aim for the second take-profit level at
$0.04420
This trading strategy anticipates a bullish
reversal based on the identified bullish
divergence and the breakout above the lower
high level.
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.
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.