VTHOUSDT next leg up? 🤷♀️
Updated
Hello Traders. I hope you are having a fantastic 1st of April.
Today I want to share my thoughts on VTHO. As you can see, VTHO broke the resistance ( purple range ) on 20 march and had a nice bullish run.
Now it has made a pullback to the resistance area now acting as a support for it. Also we have a blue short term trend line acting as a support.
So overall, in my opinion, you can make a nice long position here.
Entry = 0.0135 $ Target 1 = 0.024 $ Target 2 = 0.08 $ Stop loss = 0.0125 $ ( if the 4H candle closes below the support area )
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on VTHO and don`t forget to comment what you think. ✌
Today I want to share my thoughts on VTHO. As you can see, VTHO broke the resistance ( purple range ) on 20 march and had a nice bullish run.
Now it has made a pullback to the resistance area now acting as a support for it. Also we have a blue short term trend line acting as a support.
So overall, in my opinion, you can make a nice long position here.
Entry = 0.0135 $ Target 1 = 0.024 $ Target 2 = 0.08 $ Stop loss = 0.0125 $ ( if the 4H candle closes below the support area )
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on VTHO and don`t forget to comment what you think. ✌
Note
It grew about 30% from the support zone. Now it is under ichimoku cloud and also under a descending line as well so the resistance pushed the price down.
Always put stop loss just in case.
Trade closed: target reached
TP1 reached 80% profit.
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