VANA shortEarlier i opened a short position on this token called vanausdt
I did some research on it just now. It seems to be an AI token focus on decentralized data ownership.
Decent utility I guess...not sure if theres strong demand for it overall.
The current chart doesn't show that right now though hence why am shorting.
Its rejecting $5.6 4hr HL area but keeps pushing down back into it making lower highs and volume increasing on the sells which to me is a bearish indication that it will break down soon. Once I see a close below $5.6 area I'll be looking to scale in and tighten stop to improve RR a bit.
Currently is roughly 3RR from my entry to $5.17 target. I think I can get that up to 5RR